Examlex
The radiocarbon process of documenting major eruption dates for volcanoes in the past 50,000 years or so is the same as that used to work out dates of major prehistoric earthquakes.
Maximin Criterion
A decision rule used in statistics, economics, and game theory that selects the action which has the highest minimum payoff.
States of Nature
Possible outcomes or situations in decision-making under uncertainty that affect the results of different decisions but are beyond the control of the decision-maker.
Manufacturing Alternatives
Different methods or approaches available for the production of goods, considering factors like cost, technology, and resource availability.
Decision Tables
A tabular method for representing and analyzing logical relationships among variables and their possible outcomes.
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