?
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. |
Answer & Solution
Correct Answer:
Option
C
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