The Maximum Amount That a Decision Maker Would Pay for Perfect

question 1

Multiple Choice

The maximum amount that a decision maker would pay for perfect information is

• A)the expected value of the best decision
• B)the expected value given perfect information
• C)the expected value of perfect information
• D)the sum of the expected values for all decision alternative

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Definitions:

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Special methods in a class that are called when a new object instance is created, used to initialize the object.

StringIndexOutOfBoundsException

An exception in Java that is thrown to indicate that an index is either negative or greater than the size of the string.

ParseInt

A method in Java that converts a string into an integer value, throwing an exception if the string cannot be converted.

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