Exhibit 14.7 The Following Questions Use the Information Below

Multiple Choice

Exhibit 14.7
The following questions use the information below.
A decision maker is faced with two alternatives. The decision maker has determined that she is indifferent between the two alternatives when p = 0.45.
-Which are characteristics of decision-making under uncertainty?

A) the probability of possible future events is unknown
B) decision-makers must rely on probabilities in evaluating outcomes
C) all process parameters have known values
D) some process parameters have known values