Question: QUESTION 10 4 points Save Answer A condominium developer is considering three different size complexes where larger complexes are more valuable when there is higher

QUESTION 10 4 points Save Answer A condominium

QUESTION 10 4 points Save Answer A condominium developer is considering three different size complexes where larger complexes are more valuable when there is higher demand. The developer anticipates low and high demand scenarios and wants to use a minimax regret decision strategy (e.g. minimize maximum regret) Given the payoff table below what is the minimum of maximum regret value? (Note answer is a numeric value) Chance Outcomes Payoffs (SK) Size of Condo. Complex Small Low Demand High Demand 400 400 Medium 300 500 Large 50 700

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