Question: Use the data in the following table for question Q 6 - Q 9 . Table 4 No Promotion Slow Promotion Fast Promotion High Flying

Use the data in the following table for question Q6-Q9.
Table 4
No Promotion
Slow Promotion
Fast Promotion
High Flying Consultant
90,000
100,000
500,000
Data Analyst
180,000
250,000
200,000
Research Assistant
500,000
300,000
150,000
Question 4(10 points)
In choosing between three new jobs, Joe MBA considers the potential payoffs over the next three years. The following table contains the payoffs, given the speed of promotion in each of the organizations. Use the information in Table 4 and the minimax regret decision rule. The minimax regret is:
a. less than $320,000 if the high-flying consultant job is selected.
b. less than $350,000 if the data analyst job is selected.
c. less than $340,000 if the research assistant job is selected.
d. more than $400,000 if the research assistant job is selected

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