pportunity will depend on the economic conditions, represented in the payoff table below. Economic Condition Investment Poor Average Good Excellent (S1) (S2) (S3) (S4) A 50 75 20 30 B 80 15 40 50 C -100 300 -50 10 D 25 25 25 25  What decision would be made under minimax

Essentials of Business Analytics (MindTap Course List)
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Chapter15: Decision Analysis
Section: Chapter Questions
Problem 13P: The following profit payoff table was presented in Problem 1: The probabilities for the states of...
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An investor is consider four different opportunities, A, B, C, or D.  The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below.

Economic Condition

Investment

Poor

Average

Good

Excellent

(S1)

(S2)

(S3)

(S4)

A

50

75

20

30

B

80

15

40

50

C

-100

300

-50

10

D

25

25

25

25

 What decision would be made under minimax regret? 

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