Question

Q.21 A given decision problem is expressed in the following pay off table form
Strategy Pay Offs
I II III
X 30 60 90
Y 60 60 30
Z 60 45 90
Find the Recommended decision according to
i) Maximin Criterion ii) Maximax Criterion ili Hurwicz Criterion if a=0.70
iv) Laplace Criterion V) Regret Criterion
Marks in Economics 25 28 35 32 31 36 29 38 34 32
Marks in statistics 43 46 49 41 36 32 31 30 33 39​

Answer 1

Answer:

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