Refresh this page to generate different data.
The Data
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
11 |
14 |
22 |
24 |
| Stock B |
12 |
5 |
15 |
15 |
| Stock C |
9 |
15 |
11 |
19 |
Laplace
First the
mean of each row is found and then the
maximum of the result column is taken.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
Row Avg |
| Stock A |
11 |
14 |
22 |
24 |
71/4 |
| Stock B |
12 |
5 |
15 |
15 |
47/4 |
| Stock C |
9 |
15 |
11 |
19 |
54/4 |
Savage's Minimax Regret
First the
maximum of each column is found.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
11 |
14 |
22 |
24 |
| Stock B |
12 |
5 |
15 |
15 |
| Stock C |
9 |
15 |
11 |
19 |
| Max |
12 |
15 |
22 |
24 |
We then
subtract each cell value from the max for that column.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
1 |
1 |
0 |
0 |
| Stock B |
0 |
10 |
7 |
9 |
| Stock C |
3 |
0 |
11 |
5 |
We then take the
minimum of each row and select the
maximum of the result column.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
1 |
1 |
0 |
0 |
1 |
| Stock B |
0 |
10 |
7 |
9 |
10 |
| Stock C |
3 |
0 |
11 |
5 |
11 |
Wald's Maximin
First the
minimum of each row is found and then the maximum of the result column is selected.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
Maximin |
| Stock A |
11 |
14 |
22 |
24 |
11 |
| Stock B |
12 |
5 |
15 |
15 |
5 |
| Stock C |
9 |
15 |
11 |
19 |
9 |
View the statistical code.
