Based on the Following Payoff Table, Answer the Following The Maximax Strategy Is:
A) A

question 30

Multiple Choice

Based on the following payoff table, answer the following:
$$\begin{array} { | l | r | r | r |} \hline { \text { Alternative } } & \text { High } & { \text { Medium } } & { \text { Low } } \\\hline \text { A } & 20 & 20 & 5 \\\hline \mathrm { B } & 25 & 30 & 11 \\\hline \mathrm { C } & 30 & 12 & 13 \\\hline \mathrm { D } & 10 & 12 & 12 \\\hline \mathrm { E } & 50 & 40 & - 28 \\\hline \text { Prior Probability } & 0.3 & 0.2 & 0.5 \\\hline\end{array}$$
The maximax strategy is:

• A) A.
• B) B.
• C) C.
• D) D.
• E) E.

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Definitions:

Propanol

An alcohol with the chemical formula C3H8O, used as a solvent and antiseptic.

Balanced Equation

A chemical equation where the number of atoms for each element is equal on both the reactant and product sides, indicating conservation of mass.

Methane Gas

A colorless, odorless flammable gas that is the simplest alkane, consisting of one carbon atom and four hydrogen atoms, widely used as a fuel.

Complete Combustion

A chemical reaction in which a compound reacts with an oxygen-rich environment to produce a complete oxidation, releasing maximum energy.