3. If dominance check is used to conclude a decision from four alternatives, A. then all attributes do not allow trade-offs. B. then there shall be an alternative or option that will always be selected. C. then there shall be (4)(2) comparison check by pairing. D. then it is not allowed for the individual to provide his/her own preference on an attribute with nominal scale. 4. A decision tree analysis A. has decision and outcome nodes. B. can be used only in decisions admitting certainty. C. does not consider attributes during solution. D. shall always result to distinct expected values.
3. If dominance check is used to conclude a decision from four alternatives, A. then all attributes do not allow trade-offs. B. then there shall be an alternative or option that will always be selected. C. then there shall be (4)(2) comparison check by pairing. D. then it is not allowed for the individual to provide his/her own preference on an attribute with nominal scale. 4. A decision tree analysis A. has decision and outcome nodes. B. can be used only in decisions admitting certainty. C. does not consider attributes during solution. D. shall always result to distinct expected values.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Select the correct answer(s) for each item. If NONE or MORE THAN ONE of the choices is the correct answer, choose E.
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