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7. What does the maximin rule refer to in solving a payoff table? Draw a 2 x 2 payoff table where the maximin rule clearly

7. What does the maximin rule refer to in solving a payoff table? Draw a 2 x 2 payoff table where the maximin rule clearly gives a very bad decision.8. What is utility and why might it be useful in decision analysis problems? What might utility capture that expected dollar payoff does not

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