When Decisions Are Reached Using Probability Theory,the Alternative Normally Chosen

question 69

Multiple Choice

When decisions are reached using probability theory,the alternative normally chosen is the one with ________.

• A)the lowest expected value
• B)the highest expected value
• C)the lowest cost/benefit ratio
• D)the lowest risk
• E)the highest risk

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Definitions:

Indirect Approach

A communication strategy where the main point or request is presented after providing background information or explanations.

Neutral Buffer

An unbiased or impartial area, system, or element that reduces the impact of conflicts or differences.

Factual

Information that is accurate, true, and based on evidence or reality.

Concise

The quality of expressing much in few words without losing clarity or relevance.