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For a given event, the payoffs for alternatives 1, 2, and 3 (the only alternatives) are 50, 125, and 50. The regret associated with alternative
For a given event, the payoffs for alternatives 1, 2, and 3 (the only alternatives) are 50, 125, and 50. The regret associated with alternative 1 is:
A. 50
B. none of the alternatives is correct
C. 100
D. 0
E. 75
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