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1. In decision theory terminology, a course of action or a strategy that may be chosen by a decision maker is called a.) a payoff b.) an alternative. c.) a state of nature. d.) none of the above.   2. Bayes’ theorem is used to revise probabilities. The new (revised) probabilities are called ____________. a.) prior probabilities. b.) sample probabilities. c.) survey probabilities. d.) posterior probabilities.   3.The minimum EOL criterion

1. In decision theory terminology, a course of action or a strategy that may be chosen by a decision maker is called a.) a payoff b.) an alternative. c.) a state of nature. d.) none of the above.   2. Bayes’ theorem is used to revise probabilities. The new (revised) probabilities are called ____________. a.) prior probabilities. b.) sample probabilities. c.) survey probabilities. d.) posterior probabilities.   3.The minimum EOL criterion

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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Quantitative Methods
 
1. In decision theory terminology, a course of action or a strategy that may be chosen by a decision maker is called
a.) a payoff
b.) an alternative.
c.) a state of nature.
d.) none of the above.
 
2. Bayes’ theorem is used to revise probabilities. The new (revised) probabilities are called ____________.
a.) prior probabilities.
b.) sample probabilities.
c.) survey probabilities.
d.) posterior probabilities.
 
3.The minimum EOL criterion will always result in the same decision as _______________________.
a.) the maximax criterion.
b.) the minimax regret criterion.
c.) the maximum EMV criterion.
d.) the equally likely criterion.
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