The studies of how changes in the probability assessments for the states of nature or changes in the payoffs affect the recommended decision alternative is known as

a. uncertainty analysis.

b. sensitivity analysis.

c. probability analysis.

d. cost analysis.

Answer: b) Sensitivity analysis.

Explanation:

Sensitivity analysis is described as the assessment that reflects about strong condition of it. It works by describing the extent to which change or modulation can impact the values or model to become uncertain so that it can be split and place in the category source of uncertainty and related input.

Other options are incorrect because uncertainty analysis determines the uncertain property due to change. Probability analysis is carried out for evaluation of probability. Cost analysis is based on economic assessment. Thus, the correct option is option (b).