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For a Particular Maximization Problem, the Payoff for Best Decision

Question 2

Multiple Choice

For a particular maximization problem, the payoff for best decision alternative is $15.7 million while the payoff for one of the other alternatives is $12.9 million. The regret associated with the alternate decision would be


A) $28.6 million.
B) $15.7 million.
C) $0.129 million.
D) $2.8 million.

Correct Answer:

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