Question using the information from the table determine the

Question

using the information from the table, determine the best decision based on the minimax regret criterion

                                                              States of Nature

Decision                               s1              s2                        s3

d1                                     149            296                       333

d2                                    276            107                         225

d3                                  190               154                     103

a- d3

b- d1 or d2

c- d2

d- d2 or d3

e- d1

Solution

d- d2 or d3