This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza.What is the maximum regret value for S2? CA1 CA2 CA3
S1 13 14 7
S2 7 17 12
S3 31 29 4
S4 20 12 21
A)24
B)15
C)5
D)0

Question

Quizplus · Accepted Answer

The maximum regret value for S2 is 15, which occurs when Pam's Pizza chooses CA1 and Sam's Pizza chooses S2.

This Payoff Matrix Gives Potential Dollar Gain Values in Thousands