# For a particular maximization problem, the payoff for best decision alternative is $15.7 million while the payoff for one of the other 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 ### Answers$2.8million

Explanation:

The regret associated with the alternate decision would be calculated as the difference between the payoff for the best decision alternative which is $15.7 million and the payoff for one of the other alternatives which is$12.9 million. This will be:

= $15.7million -$12.9million

= $2.8million The regret associated with the alternate decision is$2.8million.

a. $2.8 million Explanation: Calculation to determine what The regret associated with the alternate decision would be Using this formula Regret associate=Payoff for best decision alternative - Payoff for one of the other alternatives Let plug in the formula Regret associate=$15.7million - $12.9million Regret associate=$2.8million

Therefore The regret associated with the alternate decision is \$2.8million.

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