STATISTICS AND METHODOLOGY QUESTION NO 15
| 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. |
CODES
| A | B | C | |
| I | 1 | 2 | 3 |
| II | 3 | 2 | 1 |
| III | 2 | 3 | 1 |
| IV | 2 | 1 | 3 |
