Exhibit 14.8 The Following Questions Use the Information Below

question 75

Multiple Choice

Exhibit 14.8
The following questions use the information below.
A company needs to buy a new insurance policy. They have three policies to choose from, A, B and C. The policies differ with respect to price, coverage and ease of billing. The company has developed the following AHP tables for price and summary. The other tables are not shown due to space limitations.
-Decision Analysis techniques provide modeling techniques to help decision makers make decisions. Which of the following is not typically a benefit of decision analysis?

• A) Incorporating uncertainty via probabilities.
• B) Incorporating risk via utility theory functions.
• C) Incorporating uncertainty via exponential distributions.
• D) Structuring decision strategies via decision trees.

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Definitions:

Competency Wheel

A model or tool used to identify and describe the key competencies required for effective performance in a role or organization.

Performance And Learning

The interconnected process where learning new skills, knowledge, or behaviors leads to improvements and efficiency in task execution or job performance.

ATD Competency Model

A framework developed by the Association for Talent Development to outline the skills and knowledge required for professionals in the learning and development field.

Expertise Level

The degree of skill or knowledge that an individual has in a specific field or activity.