Question: Please answer 1-3. Please elaborate also PS 7due Sunday, April 12 Questions 1-3 refer to the utility matrix on Table 1 below: Table 1: Utility

Please answer 1-3. Please elaborate also

PS 7due Sunday, April 12 Questions 1-3 refer to the utility matrix on Table 1 below: Table 1: Utility Matrix x x x 1. What is the maximin strategy? A 2 2015 2. What is the maximax strategy? B 4 18 21 3. What is the minimax-risk strategy? C 6 12 10 D 8 17 19

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