The Decision Maker-Although Not Certain-Is Aware of the Chances,or Probabilities,of

question 49

Multiple Choice

The decision maker-although not certain-is aware of the chances,or probabilities,of the various states of nature occurring.This statement relates to which of the following scenarios?

• A)decision under certainty
• B)decision under uncertainty
• C)decision under state of nature
• D)decision under risk