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42. A maximax strategy will always choose the act or alternative that A) maximizes the expected monetary value. B) minimizes the maximum regret or opportunity
42. A maximax strategy will always choose the act or alternative that |
A) maximizes the expected monetary value. |
B) minimizes the maximum regret or opportunity loss. |
C) Maximizes the potential payoff regardless of uncertainty. |
D) Guarantees a payoff for any state of nature |
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