Question
The following is a payoff table giving the COST for various situations, Refer to the payoff table from Q17, what decision should be made based
The following is a payoff table giving the COST for various situations, Refer to the payoff table from Q17, 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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Get StartedRecommended Textbook for
Algebra and Trigonometry
Authors: Ron Larson
10th edition
9781337514255, 1337271179, 133751425X, 978-1337271172
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