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39. The following payoff matrix indicates the costs associated with three decision options and four states of nature: State of Nature S2 S3 Si SA
39. The following payoff matrix indicates the costs associated with three decision options and four states of nature: State of Nature S2 S3 Si SA 01 02 20 40 10 25 30 60 30 40 30 35 20 25 03 Select the decision option that should be selected under the maximin rule; the maximax rule; the Laplace rule; the minimax regret rule; and the Hurwicz rule with a = 0.2. How do the rules applied to the cost matrix differ from those that are applied to a payoff matrix of profits? 39. The following payoff matrix indicates the costs associated with three decision options and four states of nature: State of Nature S2 S3 Si SA 01 02 20 40 10 25 30 60 30 40 30 35 20 25 03 Select the decision option that should be selected under the maximin rule; the maximax rule; the Laplace rule; the minimax regret rule; and the Hurwicz rule with a = 0.2. How do the rules applied to the cost matrix differ from those that are applied to a payoff matrix of profits
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