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Unformatted text preview: d1 d2 d3 d4 S1 14 11 9 8 S2 9 10 10 10 S3 10 8 10 11 S4 5 7 11 13 A. Minimax regret approach because it computes the maximum regret so it is easier to NOT pick that option so the maximum reg B. I like the minimax approach because it is a good way to make the right decision rather than choosing the wrong option. Yes, e C. Conservative regret approach would be best. hat option so the maximum regret is ignored. osing the wrong option. Yes, establishing the correct approach and being prepared for the problem or decision is way better than going in ision is way better than going in blind. ...
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This note was uploaded on 08/28/2010 for the course ACCT ac101 taught by Professor Carlson during the Fall '10 term at Western New England University.
- Fall '10