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uncertainty in DM

NNoah5y ago
which 2 of the following can be used to reduce uncertainty in decision making? a-EV analysis b-market research c-focus groups d-relevant costing sir the answer is B and C but i was wondering why not 'A' too? thanks!
John MoffatJohn MoffatTutor5y ago#1
Expected values give a basis for a decision but does not make the actual outcome any less uncertain - the actual outcome will obviously not be the the expected value.
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