If a decision theory problem has 3 decision alternatives and 4 states of nature, the number of payoffs in that problem will be

Related MCQs

• The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called __________
• Alternatives that an organization chooses from its operations across several industries and several markets is called:
• In a decision theory problem under complete uncertainty, which one of the following approaches will not be possible?
• Identify the related step in organising process being mentioned in the below lines. Hari has joined as a Creative Head in an entertainment company. He always ensures that the work has been divided into small and manageable activities and also the activities of similar nature are grouped together.
• According to the textbook, because managers can’t possibly analyze all information on all alternatives, managers ______________, rather than ______________.
• When a manger made a decision and he is uncertain about the outcomes His decision is likely to be:
• For decision making under uncertainty, identify the decision rule that is appropriate for the optimist.
• What decision-making condition must exist for the decision tree to be a valuable tool?
• Which of the following is not a part of decision tree problem specification?
• Who propounded the Theory X and Theory Y ?