IS 466 Decision Support Systems 6. When using the maximax criterion, the optimal decision alternative may be determined by simple inspection of the payoff table. 7. The â€œprinciple of insufficient reasonâ€ indicates the decision makerâ€™s belief that any state of nature is as likely to occur as any other state. 8. â€œExpected valueâ€ in decision analysis is synonymous with â€œmost likely value.â€ 9. The optimal decision can change merely by introducing an additional, non-optimal alternative when using the minimax regret criterion. 10. The states of nature in a payoff table should be mutually exclusive and collectively exhaustive. Computer Science Assignment Help, Computer Science Homework help, Computer Science Study Help, Computer Science Course Help
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