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The quality control manager for ENTA Inc. must decide whether to accept (A1), further analyze (A2), ...

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The quality control manager for ENTA Inc. must decide whether to accept (A1), further analyze (A2), ...

The quality control manager for ENTA Inc. must decide whether to accept (A1), further analyze (A2), or reject (A3) a lot of incoming material. Assume the following payoff table is available. Historical data indicates that there is 30% chance that the lot is poor quality (S1), 50 % chance that the lot is fair quality (S2), and 20% chance that the lot is good quality (S3).

What action would you choose according to minimax regret criterion?

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Introduction to Management Science

Edition: 13^th

Author: Taylor

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jhatch16

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More solutions for this book are available here

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Miguel9717 Author

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5 years ago

Good timing, thanks!

kobbhy

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This helped my grade so much Perfect

my2redeyes

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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