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Chapter 3 Fundamentals of Decision Theory Models

Chapter 3 Fundamentals of Decision Theory Models. Learning Objectives. Students will be able to: List the steps of the decision-making process Describe the types of decision-making environments Use probability values to make decisions under risk

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<Answer to Assignment- 2>

<Answer to Assignment- 2>. Sup. P4-12. Pro #1 ( The table can be reduced to (1*1) by checking the dominance with (A?, B?) Remaining! So ? C (a?) ? B (b?) ? E (4). 2. Sup. P4-13, #2 Regular Table: Three possible outcome: 1. major damage; 2. minor damage; 3. no fire

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Chapter 3 Fundamentals of Decision Theory Models

&lt;Answer to Assignment- 2&gt;

<Answer to Assignment- 2>