Which of the Following Statements Are True

question 21

Multiple Choice

Which of the following statements are true?

• A) Sensitivity analysis is a process of seeing how optimal decision and EMV vary when one or more inputs vary.
• B) Multistage decision problem is one where decisions and observations of uncertain outcomes alternate.
• C) Contingency plan is a strategy in a multistage decision problem that specifies which decision to make for each possible outcome.
• D) All of the above
• E) None of the above

---

Definitions:

Universal

A term or concept that is applicable in all cases or situations, without exception.

Affirmative

A response or statement that confirms or supports the truth of a proposition.

Particular

Specific or distinct from others; often used to refer to individual instances or examples in logic or philosophy.

Affirmative

A term indicating agreement or the assertion of a position or truth, often used in debate or logic to denote the positive side of an argument.