Question: (4 marks) Suppose that a decision maker faced with four decisions alternatives and three outcomes developing the following profit payoff table: Outcomes Alternatives A1 A2

(4 marks) Suppose that a decision maker faced

(4 marks) Suppose that a decision maker faced with four decisions alternatives and three outcomes developing the following profit payoff table: Outcomes Alternatives A1 A2 A3 A4 S1 12 7 10 S2 5 9 8 11 S3 13 12 9 10 9 Use Minimax regret to find the best alternative. Regret Table Outcomes S1 S2 S3 Alternatives A1 A2 A3 A4

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