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Find the minimax solution to this decision problem

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Reference no: EM131131858

The loss function for a decision problem is given below.

       θ1       θ2     θ3

D1   30     20    15

D2   20      25    10

D3   17      19    24

D4   35      20    17

(i) Explain which strategies, if any, are dominated.

(ii) Find the minimax solution to this decision problem.

Reference no: EM131131858

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