
Probability pop quiz
Authored by Yinghua Huang
Mathematics
University
CCSS covered
Used 15+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
States of nature are alternatives available to a decision maker.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prior probabilities refer to the relative likelihood of possible states of nature.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decision tree shows all of the possible decisions and all of the possible events.
True
False
Tags
CCSS.7.SP.C.8B
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payoff tables can include only non-negative numbers.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximax approach is an optimistic strategy.
True
False
Tags
CCSS.HSS.MD.B.5B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sensitivity analysis may be useful in decision analysis, since prior probabilities may be inaccurate.
True
False
Tags
CCSS.HSS.MD.B.5B
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The EVPI indicates an upper limit in the amount a decision-maker should be willing to spend to obtain information.
True
False
Tags
CCSS.HSS.MD.A.2
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