A tabular presentation that shows the outcome for each decision alternative under the various states of nature is called a:
a. payback period matrix. c. decision tree.
b. decision matrix. d. payoff table.
Q. 2The values of a chi-squared distribution are always ____________________ zero.
Fill in the blank(s) with correct word
Q. 3A surgeon is involved in a 3 million malpractice suit. He can either settle out of court for 750,000 or go to court. If he goes to court and loses, he must pay 2,500,000 plus 500,000 in court costs. If he wins in court the plaintiffs pay the court costs. Identify the actions of this decision-making problem.
a. Two choices: (1) go to court and (2) settle out of court.
b. Two choices: (1) win the case in court and (2) lose the case in court.
c. Four consequences resulting from Go/Settle and Win/Lose combinations.
d. The amount of money paid by the doctor.
Q. 4A chi-squared distribution has a shape that is ____________________.
Fill in the blank(s) with correct word
Q. 5If EOL(a1) = 13,000 . EOL(a2) = 25,000 . and EOL(a3) = 20,000 . then EOL = 13,000.
Indicate whether the statement is true or false
Q. 6If the expected frequencies and the observed frequencies are quite different, you are likely to ____________________ the null hypothesis.
Fill in the blank(s) with correct word
Quick Reply
