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    Statistics for Business and Economics Study Set 3
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    Exam 19: Decision Analysis
  5. Question
    The Result Obtained When a Decision Alternative Is Chosen and a Chance
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The Result Obtained When a Decision Alternative Is Chosen and a Chance

Question 19

Question 19

Multiple Choice

The result obtained when a decision alternative is chosen and a chance event occurs is known as


A) decision event.
B) consequence.
C) state of nature.
D) conditional probability.

Correct Answer:

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