I:}{I'Iltllt 4 Napoleon is contemplating four institutions of higher learning as options for a Masters in Business Administration. Each university has strong and weak points, and the demand for MBA graduates is uncertain. The availability of jobs. student loans, and nancial support will have a signicant impact on Napoleon's ultimate decision. Vanderbilt and Seattle University have comparatively high tuition, which would necessitate Napoleon take out student loans resulting in possibly substantial student loan debt. In a tight ma rlcet, degrees with that cachet might spell the difference between a hefty paycheck and a piddling unemployment check. Northeastern State University and Texas Tech University hold the advantage of comparatively low tuition but a more regional appeal in a tight job market. Napoleon gathers his advisory council of Hip and Pedro to assist with the decision. Together they forecast three possible scenarios for the iob market and institutional success and predict annual cash ows associated with an MBA from each institution. All cash flows in the table are in thousands of dollars. mum -- I'll- "u "an "n In Exhibit 4, what is the optimal decision under the minimax regret criterion? O Seattle University C} Texas Tech University C} Vanderbilt University C} Northeastern State University