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Using the Table Below, Which Is the Recommended Decision Alternative

Question 34

Multiple Choice

Using the Table below, which is the recommended decision alternative using the conservative approach?  Payo ff Table  Decision Alternative  State of Nature 1  State of Nature 2  D1 57 D2 41 D3 13 D4 102 D5 64\begin{array}{l}\text { Payo ff Table }\\\begin{array} { | c | c | c | } \hline \text { Decision Alternative } & \text { State of Nature 1 } & \text { State of Nature 2 } \\\hline \text { D1 } & 5 & 7 \\\hline \text { D2 } & - 4 & 1 \\\hline \text { D3 } & 1 & - 3 \\\hline \text { D4 } & 10 & 2 \\\hline \text { D5 } & 6 & 4 \\\hline\end{array}\end{array}


A) D1
B) D5
C) D2
D) D3

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