Question: The conditional payoff (in dollars) for each action-event combination are as under 3 Action 4 3 2 1 Event 7 4 -2A 5 6 0

The conditional payoff (in dollars) for each

The conditional payoff (in dollars) for each action-event combination are as under 3 Action 4 3 2 1 Event 7 4 -2A 5 6 0 B 2 -3 9 -5C 5 4 1 3 D 2 3 6 6E ?Which is the best action in accordance with the Maximin Criterion (0) Which is the best action in accordance with the Hurwitz Criterion? (a= 0.4) (ii) ? Which is the best action in accordance with the Minmax regret criterion (iii)

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