The following is an opportunity loss table Alternatives Stat
The following is an opportunity loss table
Alternatives State of Nature
A B C
Alternative 1 0 90 85
Alternative 2 50 0 110
Alternative 3 75 80 0
What decision should be made based on the minimax regret criterion?
a. Alternative1
b. state if nature a
c. Alternative 3
d. does not matter
e. Alternative 2
Solution

