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Regret Table Success Moderate Success Failure Probability 0.3 0.3 0.4 Sell Company 97.0 50 0 Form Joint Venture 210 0 45.0 Sell Software on own

Regret Table

Success

Moderate Success

Failure

Probability

0.3

0.3

0.4

Sell Company

97.0

50

0

Form Joint Venture

210

0

45.0

Sell Software on own

0

199.0

100

Using the EOL method, which decision alternative will you chose?

a) Sell company

b) Form Joint Venture

c) Sell software on own

Can somebody please help explain me why the correct answer was a)Sell Company instead of c)Sell Software on Own. After solving the Exected Returns of each Decision Alternative, Sell Software came out to be the lowest value which is 63. And since it is saying using the EOL method, we are looking for the smallest value because we are at a loss.

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