TABLE 17-2
the Following Payoff Matrix Is Given $\quad$

question 20

Multiple Choice

TABLE 17-2
The following payoff matrix is given in dollars.

$\quad$ $\quad$ $\quad$ $\quad$ $\text {Action }$
$\begin{array} { c c c } \text { Event }& A & B \\\hline1 & 400 & 700 \\2 & 200 & 500\end{array}$

Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Table 17-2, what is the best action using the maximin criterion?

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