Question

if a project manager is able to obtain reasonable estimates of the probabilities of the states...

if a project manager is able to obtain reasonable estimates of the probabilities of the states of nature for each alternative that we solve a particular in a project then project manager is making decisions under

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Answer #1

if a project manager is able to obtain reasonable estimates of the probabilities of the states of nature for each alternative that we solve a particular in a project then project manager is making decisions under

✓ CERTAINTY

(If a project manager is certain about the estimate or probabilities of the state of nature for each alternative, then the condition is called as decision making under certainty. He knows the outcomes and each alternative in a decision making under certainty.)

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