Which of the Following Techniques Is the Most Widely Used

question 15

Multiple Choice

Which of the following techniques is the most widely used decision-making criterion under risk?

• A)maximax criterion
• B)minimax regret criterion
• C)expected value criterion
• D)Hurwicz criterion

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Definitions:

Kinesthetic Learners

Individuals who learn best through physical activities and handling items physically.

Auditory Learners

Individuals who learn best through listening, benefiting more from lectures, discussions, and audio materials.

Visual Learners

individuals who learn best when information is presented in a visual manner, such as through charts, diagrams, or videos.

Verbal Learners

Individuals who prefer to use words, in both speech and writing, to understand and learn information.