Question

A payoff matrix depicts ________ versus ________ with payoffs for each intersection cell.

A. decision alternatives, states of nature.
B. decision criteria, states of nature.
C. decision criteria, potential outcomes.
D. decision alternatives, potential outcomes.
E. sensitivity variables, determinate outcomes

Answer 1

The correct answer is A

Step-by-step explanation:

Payoff matrix is a kind of tool which is used in order to simplify the all the outcomes of a decision which is strategic in nature. It represent all the possible alternatives and all the possible outcomes.

So, it depicts or states the alternatives which could be possible for the decisions with the states of the natures.