Q38
Match the following List-I (Outcome State) List-II (Explanation) a. Certainty 1. Multiple outcomes for each alternative can be identified, but there is no knowledge of the probability to be attached to each. b. Risk 2. Complete and accurate knowledge of the outcome of each alternative. There is only one outcome for each alternative. c. Uncertainty 3. Multiple possible outcomes of each alternative can be identified, and a probability of occurrence can be attached to each.
Match the following
| List-I (Outcome State) | List-II (Explanation) |
| a. Certainty | 1. Multiple outcomes for each alternative can be identified, but there is no knowledge of the probability to be attached to each. |
| b. Risk | 2. Complete and accurate knowledge of the outcome of each alternative. There is only one outcome for each alternative. |
| c. Uncertainty | 3. Multiple possible outcomes of each alternative can be identified, and a probability of occurrence can be attached to each. |
A.
a-1, b-2, c-3
B.
a-3, b-2, c-1
C.
a-2, b-3, c-1
AnswerD.
a-2, b-1, c-3
Answer: Option C
Solution
Answer: Option C
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