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In choosing between four new jobs, a business graduate considers the potential payoffs over the next three years. The following table contains four alternative organizations
In choosing between four new jobs, a business graduate considers the potential payoffs over the next three years. The following table contains four alternative organizations and two states of nature represented by slow promotion and fast promotion. The payoffs for each alternative and each sate of nature is given is the table helow. 5. Which alternative would be chosen using Laplace decision rule? a. H. b. U. c. R. d. I. 6. Which alternative would be chosen using minimax regret decision rule? a. H. b. U. c. R. d. I. 7. Which alternative would be chosen using the expected value rule? (assume the probability of slow promotion is 0.7 , and the probability of fast promotion is 0.3 ) a. H. b. U. c. R. d. I. 8. Which alternative would be chosen using maximin decision rule? a. H. b. U. c. R. d. I. 9. Which alternative would be chosen using maximax decision rule? a. H. b. U. c. R. d
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