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Author Question: The goal of the _____________ criterion is to minimize the decision maker's regret of making a wrong ... (Read 752 times)

arivle123

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on: Jun 24, 2018
The goal of the _____________ criterion is to minimize the decision maker's regret of making a wrong choice.
 
  A) Hurwicz
  B) equally likely
  C) minimax regret
  D) maximax

Question 2

Using the _____________ criterion you choose the alternative with the highest average payoffin the decision table.
 
  A) maximin
  B) equally likely
  C) minimax regret
  D) maximax


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helenmarkerine

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

B


arivle123

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

TheDev123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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