Examples of the use of observation are traffic counts and mystery shoppers

Indicate whether the statement is true or false

True

Business

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Which of the following is an indication of the reliability of a survey?

A) Participants respond in a similar manner B) There are a sufficient number of participants C) Repeating the survey would produce identical results D) A representative population sample is used E) The survey is adaptive

Business

Which of the following decisions is chosen in a minimin strategy?

A) the decision that minimizes the maximum payoff B) the decision that maximizes the minimum payoff C) the decision that minimizes the minimum payoff D) the decision that maximizes the maximum payoff

Business