When a decision maker is faced with several alternatives and an uncertain set of future events, s/he uses __________ to develop an optimal strategy. a. predictive analytics b. decision analysis c. data mining
Mathematics · High School · Mon Jan 18 2021
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Here, option (B) is correct.
When a decision maker is faced with several alternatives and an uncertain set of future events, s/he uses decision analysis to develop an optimal strategy. Decision analysis is a systematic, visual, and quantitative approach to address and evaluate the important choices that businesses sometimes face.