Solution-Substitution rule for the prospects of the

Substitution rule for the prospects of the alternative

Reference no: EM131754820

Question: How many of the following statements are true?

I. The e-operation applied to the preference probabilities of an alternative yields the same e-value as using the substitution rule for the prospects of the alternative and reducing its prospects in terms of the best and the worst.

II. The best decision alternative is the one with the highest preference probability.

III. The best decision alternative is the one with the highest benefit-cost ratio.

a. 0

b. 1

c. 2

d. 3

Reference no: EM131754820

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Substitution rule for the prospects of the alternative

Reference no: EM131754820

Reference no: EM131754820

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