Floods Are Caused by ____________________

question 66

Multiple Choice

Floods are caused by ____________________.

• A) the break-up of winter ice on rivers
• B) abundant rainfall lasting for days
• C) the storm surges of tropical cyclones flooding the coasts
• D) local thunderstorms
• E) all of these are correct

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Definitions:

Perfect Information

A situation in which all participants have access to all relevant information, typically assumed in economic models to facilitate optimal decision-making.

Expected Value

The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence.

Decision Table

A decision table is a tabular method for representing and analyzing logical relationships between conditions and actions, making it a useful tool for decision-making processes.