state of nature

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state of nature

statistics

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statistics
Decision analysis
…more possible future events, called states of nature, that might occur. The list of possible states of nature includes everything that can happen, and the states of nature are defined so that only one of the states will occur. The outcome resulting from the combination of a decision alternative and…
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…more possible future events, called states of nature, that might occur. The list of possible states of nature includes everything that can happen, and the states of nature are defined so that only one of the states will occur. The outcome resulting from the combination of a decision alternative and…
Read More