Regret associated with the alternate decision

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Reference no: EM131562204

For a particular maximization problem, the payoff for best decision alternative is $15.7 million while the payoff for one of the other alternatives is $12.9 million. The regret associated with the alternate decision would be

a. $ 2.8 million.

b. $ 28.6 million

c. $ .129 million

d. $ 15.7 million

Reference no: EM131562204

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