Q.
1

List – I

List – II
a. Decision-making under conditions of certainty.

 

 (i) When the outcomes are known but the probabilities of outcomes are not known.
b. Decision-making under conditions of risk.

 

 (ii) When elements of decision problem are clear and also the outcomes of different alternatives are known.
c. Decision-making under conditions of uncertainty.

 

 (iii) When outcomes probabilities are known.
  • A

    a        b       c

    i         ii        iii

     

     

     

  • B

    ii        iii       i

  • C

    iii       ii        i

  • D

     i        iii      ii