The Decision Criterion, for a One-Time Decision Without Event Probabilities

question 15

Multiple Choice

The decision criterion, for a one-time decision without event probabilities, which is neither aggressive nor conservative, is known as _____.

• A) maximax
• B) maximin
• C) minimax regret
• D) expected value

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Definitions:

Independent Variable

A variable that is manipulated or controlled in an experiment to observe its effect on a dependent variable.

Field Experiments

Research studies conducted in natural settings outside the laboratory to investigate the effect of manipulated variables in real-world situations.

Exact Replication

A type of replication of research using the same procedures for manipulating and measuring the variables that were used in the original research.

Procedures

A series of actions or operations conducted in a certain order or manner to achieve a result.