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 ________.

Question

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 ________.

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The Answer of 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

Consider the Following Decision Table with Rewards in $ Millions