Mathematics, 07.03.2020 03:57 fhishy11
For a particular maximization problem, the payoff for the best decision alternative is $15.7 million while the payoff for one of the other alternatives is $12.9 million. The regret associated with the alternate decision would be.
a. $28.6 million.
b. $0.129 million.
c. $15.7 million.
d. $2.8 million.
Answers: 3
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For a particular maximization problem, the payoff for the best decision alternative is $15.7 million...
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