29. Which decision rule will identify a unique risky alternativ e in a choice se

Question

29. Which decision rule will identify a unique risky alternativ e in a choice set with the highest potential outcome as the preferred choice:? a. Max-Max rule b. M e. Maximum Probability rule ax-Min rule c. Safety First rule d. Expected Value rule f. Laplace rule g. Expected Utility rule 30. Which decision rule will identify a unique risky alternative in a choice set that maximizes the decision maker's average gain? a. Max-Max rule e. Maximum Probability rule b. Max-Min rule c. Safety First rule d. Expected Value rule f. Laplace rule g. Expected Utility rule 31. If on average, as X increases and Y declines, we can conclude that X and Y are? a. related b. positively correlated c. negatively correlated, independent 32. In the context of a simple regression model, the square of the correlation coefficient is called? a. Regression line, b. coefficient of determination, c. rate of return, d. regression residuals 33. In regression model, the coefficient of determination provides an estimate of a dependent random variable's? a. Total variation, b. unexplained variation, c. explained variation, d. average value The correlation coefficient can have a value between? a. Zero and positive one, b. negative one and positive one, c. depends on the relationship between X and Y d. positive to negative infinity 34.

Explanation / Answer

34) B. Correlation is a linear relationship between two variable. It can vary from -1 to +1.

33) C. Coefficient variation provides an estimates of explained variation by independent variable.

32)B. Coefficient of correlation is R2.

31)C. Negative correlated. When X increases and Y decreases

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