Question: Question 4. Given a decision matrix with profit data. Alternative State of Nature Decision choices s1 s2 s3 s4 d1 3 0 6 4 d2

Question 4.

Given a decision matrix with profit data.

Alternative State of Nature
Decision choices s1 s2 s3 s4
d1 3 0 6 4
d2 8 3 -2 1
d3 1 5 2

1

In the case that a minimax approach is used, the anticipated regret will be:

A. 8

B. 14

C. 13

D. 5

E. None of the above

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