Question: A decision tree begins at decision node 1 and an upper and lower branch extend from this node to the right. The upper branch, labeled
A decision tree begins at decision node and an upper and lower branch extend from this node to the right. The upper branch, labeled d stops at chance node and an upper, middle and lower branch extend from this node to the right. The lower branch, labeled d stops at chance node and an upper, middle and lower branch extend from this node to the right.
The branches extending from decision node from top to bottom are labeled d and d The next set of branches from top to bottom are labeled s s s s s and s The values to the right of these branches are and respectively.
Using the optimistic approach, the largest maximum profit is by decision
Using the conservative approach, the largest minimum profit is by decision
Using the minimax regret approach, decision minimizes the maximum regret with a value of
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