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assignment009 assignment009
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A rational decision maker must choose between two alternatives. Alternative 1 has a higher EMV than Alternative 2, but the decision maker chooses Alternative 2. What might explain why this occurs?
A) Alternative 2 may have a higher expected utility.
B) Alternative 1 may have a lower expected opportunity loss.
C) The probabilities are not known.
D) A rational decision maker could not possibly choose alternative 2.
E) None of the above
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Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
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TheBatTheBat
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assignment009 Author
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6 years ago
this is exactly what I needed
mikeh209
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Yesterday
Thanks
annakc
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2 hours ago
Thanks
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