Minimax Regret and EOL

Making decision from payoff table by using minimax regret and EOL method.

[@doloresskowronski2931]

This video is perfect! Short, sweet, and exactly what I needed while preparing for an upcoming final! Thank you!

[@raihanazainordin3533]

Thank you and all the best for your final!

[@KairePatricia-ot7gc]

The video is so so nice and it creates quick understanding thanks

[@samuelkabanda3455]

Its well explained and staight to the point. Keep up the good work

[@siminam.michile4648]

shortest and clearest explanation !!! thank you!

[@raihanazainordin3533]

you are welcome.

[@kudzimusar]

Wow simple and straightforward forward 🙌🏾

[@spiritedrk2213]

Thanks for the vid, u were the huge help

[@ciel6250]

Thanks it's easy to follow.

[@raihanazainordin3533]

You are welcome. Thank you in return.

[@suhanakhalib]

Mantab! Terima kasih

[@YoutubeTutor]

love u, its very helpful for me

[@jeaniema2108]

Thank you so much

[@gabr_ielcob]

I have question! What if maximum regret for A and C have the same value?
A = 45
C = 45
B = 20
Which one will I choose?

[@raihanazainordin3533]

For the last step, we need to choose the lowest value. So if the example that you give is the case, then we should choose B.

[@Alythedreamer17]

What should I do if my minimax regret has the same value like
A= 50
B = 50
C - 150

[@raihanazainordin3533]

then the decision is to choose alternative A or B.

[@nuradenkarshe7949]

Please i have question why do you subract -5-50 and then you get 45 how

[@raihanazainordin3533]

It's -5-(-50) not -5-50.

[@Diabolical3010]

Thanks

[@zarinaabdulrahim342]

How to calculate maximiza expected profits?

[@raihanazainordin3533]

Do you mean EMV (expected monetary value)?

[@zarinaabdulrahim342]

@@raihanazainordin3533 yes, i have to select maximum profits la kan?

[@raihanazainordin3533]

@@zarinaabdulrahim342 try watch this video: ruclips.net/video/d6X-gH61qDw/видео.html

[@zarinaabdulrahim342]

@@raihanazainordin3533 ok tq

[@raihanazainordin3533]

@@zarinaabdulrahim342 you are welcome.