Question: Given the payoff table shown, determine which decision: a) can be eliminated from the analysis. b) would be the maximax decision? c) would be

Given the payoff table shown, determine which decision: a) can be eliminated from the analysis. b) would be

Given the payoff table shown, determine which decision: a) can be eliminated from the analysis. b) would be the maximax decision? c) would be the maximin decision? d) would be the minimax regret decision? d(1) d(2) d(3) d(4) S(1) 4 2 7 8 Payoff Table S(2) 8 6 4 9 S(3) 2 8 -3 4 S(4) -2 1 1 0

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