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The following is a payoff table giving the cost for various situations, what decision should be made based on the minimax regret criterion? S1 S2

The following is a payoff table giving the cost for various situations, what decision should be made based on the minimax regret criterion?

S1 S2 S3

Probability 0.4 0.35 0.25

Alternative 1 45 37 83

Alternative 2 16 59 72

Alternative 3 23 65 91

Alternative 4 44 33 55

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