The following is a payoff (in $000) table for three strategies and two states of nature for our company: Strategy States of Nature N1 N2
The following is a payoff (in $000) table for three strategies and two states of nature for our company: Strategy States of Nature N1 N2 S 1 40 60 32 10 -20 S3 -40 15 0 Select a strategy using each of the following decision criteria: (a) Maximax, (b) Minimax regret, (e) Maximin, ((1) Minimum risk, assuming equiprobable states
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