Consider the following decision table with rewards in $ millions. The opportunity loss for the combination "S₃" and "d₁" is ___. A)9 B)5 C)3 D)0 E)-1

Question

Quizplus · Accepted Answer

The opportunity loss is the difference between the maximum reward achievable and the reward achieved by the chosen combination. In this case, the maximum reward achievable is $22 million (combination S2U2B22S2U2B1). The chosen combination, "S₃" and "d₁", has a reward of $13 million. Therefore, the opportunity loss is $22 million - $13 million = $9 million. Since there is no other combination with a higher reward than $13 million, the chosen combination is the best choice. Thus, the answer is D.

Consider the Following Decision Table with Rewards in $ Millions