Discuss the decision making under certainty

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Reference no: EM133455853

Questions:

1. Discuss each of the steps in the quantitative analysis approach using a business example.

2. Discuss the differences between decision making under certainty, decision making under risk, and decision making under uncertainty. Include basic definitions and techniques used to solve problems for each type of decision. Provide an example of each decision and explain your answer.

Reference no: EM133455853

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