Question 21 of 38
Q.Decision theory is concerned with :
(a) decision making under certainty
(b) selecting optimal decisions in sequential problem
(c) analysis of information that is available
(d) all of the above
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
55% · 21/38 Questions
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Start your 14-day free trial to unlock the full solution →Decision theory covers all the stated concerns.
Decision theory is the systematic study of choosing the best course of action among alternatives. It includes:
- decision making under certainty (outcomes known),
- selecting optimal decisions in sequential (multi-stage) problems, …
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