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QUESTION 1 Napoleon is contemplating 4 different institutions for a Master's degree. The projected profit from a career following the degree in certain scenarios is
QUESTION 1 Napoleon is contemplating 4 different institutions for a Master's degree. The projected profit from a career following the degree in certain scenarios is as follows: Viva la France Stagnation Abandoned at Waterloo Vanderbilt 80 35 -30 Texas Tech -20 30 75 Seattle 50 15 70 Northeastern 25 50 40 What is the correct decision according to the maximax criterion? O Vanderbilt O Texas Tech O Seattle Northeastern QUESTION 2 Using the same information, what is the correct decision according to the maximin criterion? Vanderbilt Texas Tech Seattle Northeastern QUESTION 3 Using the same information, what is the correct decision according to the equal likelihood criterion? O Vanderbi O Texas Tech O Seattle O Northeastern QUESTION 4 Using the same information, what is the correct decision according to the hurwicz criterion (if a=0.2)? O Vanderbilt Texas Tech Seattl Northeastern QUESTION 5 Using the same information, what is the correct decision according to the minimax regret criterion? O Vanderbilt Texas Tech O Seattle Northeastern
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