Consider the Following Decision Table with Rewards in $ Millions

question 94

Multiple Choice

Consider the following decision table with rewards in $ millions. $\begin{array}{r}\text { State of Nature }\\\begin{array}{|c|c|c|c|}\hline \text { Decision Alternatives } & S_{1} & S_{2} & S_{3} \\\hline d_{1} & -1 & 2 & 8 \\\hline d_{2} & -3 & 7 & 5 \\\hline d_{3} & -0.5 & 0.75 & 1 \\\hline d_{4} & 0 & 0 & 0 \\\hline d_{5} & -1 & -1 & -1\\\hline\end{array}\end{array}$
Using the Hurwicz criterion with alpha = 0.2, the appropriate choice would be ________.

• A)d₁
• B)d₂
• C)d₃
• D)d₄
• E)d₅

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Definitions:

Lakota

A Native American tribe that is part of the Sioux group of tribes, known for their rich culture and history on the Great Plains of North America.

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