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    Statistics
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    Business Statistics
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    Exam 19: Introduction to Decision Analysis
  5. Question
    Opportunity Loss Is the Difference Between the Actual Payoff That
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Opportunity Loss Is the Difference Between the Actual Payoff That

Question 35

Question 35

True/False

Opportunity loss is the difference between the actual payoff that occurs for a decision and the optimal payoff for a given state of nature.

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