Objective: Combine the parameter of interest, scale of decision making, action level and alternative actions to produce decision rules that provide a logical basis for choosing between alternative actions.
* Specify the parameter that characterizes the population of interest
* Specify the action level
* Combine the outputs into an "if.....then...." decision rule that defines the conditions that would cause the decision-maker to choose between the alternatives.
* Specify the Statistical Parameters of Interest
* Specify the Action Level
* Develop a Decision Rule
* An "if....then...." statement that defines the conditions that would cause the decision-maker to choose among alternative courses of action.