A group of friends are planning a recreational outing and have constructed the following payoff table to help them decide which activity to engage in. Assume that the payoffs represent their level of enjoyment for each activity under the various weather conditions.
$\begin{array}{lcccc}
&&&\text { Weather }\
&&Cold &Warm& Rainy\
&&\mathrm{S} & \mathrm{S}_{2} & \mathrm{~S}_{3}\
\text { Bike: } & \text { Al } & 10 & 8 & 6 \
\text { Hike: } & \text { A2 } & 14 & 15 & 2 \
\text { Fish: } & \text { A3 } & 7 & 8 & 9
\end{array}$
-If the group chooses to minimize their maximum regret, what activity will they choose?

Question

A group of friends are planning a recreational outing and have constructed the following payoff table to help them decide which activity to engage in. Assume that the payoffs represent their level of enjoyment for each activity under the various weather conditions.
 $\begin{array}{lcccc}
&&&\text { Weather }\
&&Cold &Warm& Rainy\
&&\mathrm{S} & \mathrm{S}_{2} & \mathrm{~S}_{3}\
\text { Bike: } & \text { Al } & 10 & 8 & 6 \
\text { Hike: } & \text { A2 } & 14 & 15 & 2 \
\text { Fish: } & \text { A3 } & 7 & 8 & 9
\end{array}$
-If the group chooses to minimize their maximum regret, what activity will they choose?

Quizplus · Accepted Answer

The Answer of A group of friends are planning a recreational outing and have constructed the following payoff table to help them decide which activity to engage in. Assume that the payoffs represent their level of enjoyment for each activity under the various weather conditions.
 $\begin{array}{lcccc}
&&&\text { Weather }\
&&Cold &Warm& Rainy\
&&\mathrm{S} & \mathrm{S}_{2} & \mathrm{~S}_{3}\
\text { Bike: } & \text { Al } & 10 & 8 & 6 \
\text { Hike: } & \text { A2 } & 14 & 15 & 2 \
\text { Fish: } & \text { A3 } & 7 & 8 & 9
\end{array}$
-If the group chooses to minimize their maximum regret, what activity will they choose?

A Group of Friends Are Planning a Recreational Outing and Have