Given the following payoff table where each payoff represents loss and that d3 is chosen and $₁ occurs, what is the regret for choosing d3?

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 1CA
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Given the following payoff table where each payoff represents loss and that d3 is chosen and
$₁ occurs, what is the regret for choosing d3?
d₁
d₂
d3
S1
|1
5
6
$2
7
3
8
S3
2
6
LO
5
Transcribed Image Text:Given the following payoff table where each payoff represents loss and that d3 is chosen and $₁ occurs, what is the regret for choosing d3? d₁ d₂ d3 S1 |1 5 6 $2 7 3 8 S3 2 6 LO 5
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