Question

 Opportunity loss table will contain. *


Opportunity loss table will contain. *
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Answer 1

Answer:

payoff table contains each possible event that can occur for each alternative course of action and a value or payoff for each combination of an event and course of action.

Answer 2

The definition of the opportunity loss table is given in the following points:-

• The opportunity loss table is a strategy for calculating the profit that could have been incurred during the action planning.

• The opportunity loss table studies the difference in profit that could have been made.

• It gives us a more realistic and practical perspective on the prophet that could have been achieved from the business.

• To calculate the opportunity loss table we have to find the difference between the highest payoff and the actual payoff that took place during the course of action in the project.