Which of the following approaches to decision making requires knowledge of the probabilities of the ...

Which of the following approaches to decision making requires knowledge of the probabilities of the states of nature?
a. minimax regret c. expected value
b. maximin d. conservative

Q. 2

A modal class in a histogram is the class that includes
a. the largest number of observations. c. the largest observation in the data set.
b. the smallest number of observations. d. the smallest observation in the data set.

Q. 3

The labeling of parts as defective or non-defective is an example of _____.
a. ordinal data
b. ratio data
c. interval data
d. nominal data

Q. 4

In an influence diagram, decision nodes are represented by
a. circles or ovals c. diamonds
b. squares or rectangles d. triangles

Q. 5

The relative frequency of a class in a histogram is computed by
a. dividing the frequency of the class by the number of classes.
b. dividing the frequency of the class by the class width.
c. dividing the frequency of the class by the total of all frequencies.
d. None of these choices.

Q. 6

The level of measurement that is a label for the purpose of identifying an item is _____.
a. ordinal measurement
b. ratio measurement
c. nominal measurement
d. internal measurement

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Which of the following approaches to decision making requires knowledge of the probabilities of the ...

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