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  3. Study Set
    Business Statistics in Practice Study Set 1
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    Exam 15: Decision Theory
  5. Question
    The _____________ Criterion Finds the Best Possible Payoff for Each
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The _____________ Criterion Finds the Best Possible Payoff for Each

Question 16

Question 16

Short Answer

The _____________ criterion finds the best possible payoff for each alternative and then chooses the alternative that yields the maximum payoff.

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