Multiple choice questions
a. Utility theory
b. Bernoulli’s theorem
c. Beckman’s theorem
d. Bayes’ theorem
a. Two choices: (1) go to court and (2) settle out of court.
b. Two choices: (1) win the case in court and (2) lose the case in court.
c. Four consequences resulting from Go/Settle and Win/Lose combinations.
d. The amount of money paid by the doctor.
a. expected profit under certainty.
b. expected value of perfect information.
c. coefficient of variation.
d. expected value under certainty minus the expected monetary value of the worst alternative.
a. special or assignable causes.
b. common or chance causes.
c. explained variation.
d. the standard deviation.
a. a point falls above the upper or below the lower control lines.
b. a run of 8 or more points is observed.
c. Either of the above.
d. None of the above.