Dianna Young Is Evaluating a Plan to Expand the Production

Multiple Choice

Dianna Young is evaluating a plan to expand the production facilities of International Compressors Company which manufactures natural gas compressors.Dianna feels that the price of coal is a significant factor in her decision, but she cannot control it.For her decision, the different prices of coal represent the ___.

A) payoffs
B) decision alternatives
C) states of nature
D) revised probabilities
E) prior probabilities