Consider the following decision scenario: $$\begin{array} { c}
{ \text { State of Nature } } \
\begin{array} { | l | l | l | l | }
\hline { } & \text { High } & \text { Med. } & \text { Low } \
\hline \text { A } & \$ 20 ^ { * } & 20 & 5 \
\hline \text { B } & 25 & 30 & 11 \
\hline \text { C } & 30 & 12 & 13 \
\hline \text { D } & 10 & 12 & 12 \
\hline \text { E } & 50 & 40 & - 28 \
\hline
\end{array}\end{array}$$ *PV for profits ($000) The minimax regret strategy would be:
A) A.
B) B.
C) C.
D) D.
E) E.

Question

Consider the following decision scenario: $$\begin{array} { c} 
{ \text { State of Nature } } \
\begin{array} { | l | l | l | l | } 
\hline  { } & \text { High } & \text { Med. } & \text { Low } \
\hline \text { A } & \$ 20 ^ { * } & 20 & 5 \
\hline \text { B } & 25 & 30 & 11 \
\hline \text { C } & 30 & 12 & 13 \
\hline \text { D } & 10 & 12 & 12 \
\hline \text { E } & 50 & 40 & - 28 \
\hline
\end{array}\end{array}$$ *PV for profits ($000) The minimax regret strategy would be:
A) A.
B) B.
C) C.
D) D.
E) E.

Quizplus · Accepted Answer

The Answer of Consider the following decision scenario: $$\begin{array} { c} 
{ \text { State of Nature } } \
\begin{array} { | l | l | l | l | } 
\hline  { } & \text { High } & \text { Med. } & \text { Low } \
\hline \text { A } & \$ 20 ^ { * } & 20 & 5 \
\hline \text { B } & 25 & 30 & 11 \
\hline \text { C } & 30 & 12 & 13 \
\hline \text { D } & 10 & 12 & 12 \
\hline \text { E } & 50 & 40 & - 28 \
\hline
\end{array}\end{array}$$ *PV for profits ($000) The minimax regret strategy would be:
A) A.
B) B.
C) C.
D) D.
E) E.

Consider the Following Decision Scenario *PV for Profits ($000) the Minimax Regret Strategy Would Be