The Decision Rule Most Appropriate for the Realistic Manager Using

question 53

Multiple Choice

The decision rule most appropriate for the realistic manager using decision making under uncertainty would be:

• A)maximin.
• B)maximax.
• C)Laplace.
• D)minimax regret.

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Definitions:

Consistency

The quality of being uniform, reliable, or constant over time.

Concise Language

The use of few words without sacrificing clarity or detail, making the message clear and straightforward.

Parallelism

The use of components in a sentence that are grammatically the same or similar in construction, sound, meaning, or meter.

Consistency

The quality of always behaving or performing in a similar way, or of always happening in the same way.