Multiple Choice
A company is planning to build a new facility in a foreign country,and the success or failure of this venture depends on the demand for the products produced at the facility.It estimates that there is a 70% probability of high demand for the products and a 30% probability of low demand.This is an example of ______.
A) decision under certainty
B) decision under uncertainty
C) decision under state of nature
D) decision under risk
Correct Answer:
Verified
Correct Answer:
Verified
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