The following pay-off table shows the monthly contribution that would be earned from each of four mutually exclusive options (options A-D) given three different outcome situations. It is not possible to predict or estimate the probability of each outcome scenario. If the choice of option is made on the basis of the minimax regret criterion, which option will be selected?
【参考答案及解析】
Regret table The lowest maximum regret is $23,000.
Regret table The lowest maximum regret is $23,000.