Busıness Decısıon Models (ENG)
Ünite Sınavı Soruları
- 20 soru
- Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
- 1
The difference between the expected value under certainty and the expected value under risk is called:
- 2
What makes maximum probability criterion a weaker decision making criterion?
- 3
What are the decision situations in which the chance of occurrence of each state of nature is known or can be estimated called?
- 4
What refers to the consequence resulting from a specific combination of a decision alternative and a state of nature in the decision tree?
- 5
In the decision making process under risk, a probability value must be determined for the chance of realization of all states of nature in the strategy table. So, what must the sum of all probabilities of states of nature be equal to ?
- 6
States of Nature
S1(0.4) S2(0.6)
A1 50 110
A2 100 60
A3 60 100
A4 70 90
A5 90 70
Which decision alternative (A1..A5) of the TL gain strategy table above should be chosen depend on Expected Monetary Value criterion ?
- 7
States of Nature
S1(0.6) S2(0.4)
A1 50 110
A2 100 60
A3 60 100
A4 70 90
A5 90 70
Which decision alternative (A1..A5) of the TL cost strategy table above should be chosen depend on Expected Monetary Value criterion?
- 8
Decision situations in which the chance of occurrence of each state of nature is known or can be estimated are defined as _____.
Which of the following is best to fill in the blank above?
- 9
States of Nature
S1(0.5) S2(0.2) S3(0.3)
A1 50 110 30
A2 90 40 50
A3 70 100 10
What is the highest gain value of the TL gain strategy table above according to the maximum probability criterion ?
- 10
_____ is a graphical technique that represents all the elements in the decision problem with various geometric symbols.
Which of the following best completes the blank above?
- 11
What is the starting point in a decision tree?
- 12
What demonstrates the average additional amount the investor would have achieved by making the right decision instead of a wrong one?
- 13In the decision making process under risk, the sum of all probabilities assigned to the chance of realization the states of nature must be equal to:
- 14
The probability of A1 is 0.20, the probability of A2 is 0.80. The probability that A1 costs 100 TL is 0.80, and the probability that A2 costs 100 TL is 0.20. It costed 100 TL. What is the probability that A2 occured ?
- 15
"In this criterion, the decision maker confronts the various possible states of nature in a decision under risk and; he or she chooses the alternative that is best for the most likely state of nature, rather than calculating in all states of nature."
Which criterion is described above?
- 16
States of Nature
S1(0.2) S2(0.3) S3(0.5)
A1 50 110 30
A2 100 60 50
A3 70 90 60
What is the minimum Expected Opportunity Loss of the TL cost strategy table above ?
- 17
Which of the following describes when the expected value criterion is commonly used in decision making at risk?
- 18
What is "expected regret" in decision making?
- 19
Which of the following is false according to the EMV (Expected Monetary Value) criterion?
- 20
What is the expected value of perfect information (EVPI)?