ceasar5819 ceasar5819
  • 10-11-2020
  • Business
contestada

Choosing the decision alternative with the maximum payoff for the most likely state of nature is called

Respuesta :

AbsorbingMan AbsorbingMan
  • 11-11-2020

Answer:

Maximax

Explanation:

In decision theory, a state of nature can be defined as the uncontrollable natural events, for example freezing temperature or floods, etc.  And a pay off always exists each of the pair of the alternative decisions and the states of nature.

Choosing the best alternative with maximum payoff for any state of nature is called as  maximax.

Answer Link

Otras preguntas

What is the value of 34 square
nine-fourteenths of 6x redused by 10
what is the role of enzymes inside living cells
Ryan drove 5 3/4 miles to the bank , 6 1/2 miles to the post office and 4 1/2 miles to the park. What was the total distance Ryan drove ? (REMEMBER- for mixed n
What does the tissue work with to carry out transpiration
Hornless cattle is dominant over horned. A homozygous hornless bull is mated with a homozygous horned cow. What will be the genotype and phenotype of the first
seven more than the quotient of a number and -2 is 16. , pls explain how to do this , i’m really confused . thanks in advance
What percent of 110 is 88
20% of one-half w what is that in algebraic expression.
Explain why isokinetic exercises cannot be performed by individuals at home