Question: 1 and 2 Question 1 Given a decision matrix with proht dab, Alternative State of Nature 51 52 53 54 Decision Choices 3 0 6

1 and 2

Question 1 Given a decision matrix with proht dab, Alternative State of Nature 51 52 53 54 Decision Choices 3 0 6 D1 2 1 D2 5 2 D3 What will be the alternative which will be selected by a pessonit D1 03 A Pessimist will not select any atentie D2 Given a decision matrix with profit data, State of Nature Alternative 51 52 53 54 Decision Choices 3 0 6 D1 1 2. D2 1 5 2 D3 What will be the alternative which wil be selected by a gambler loptinist DI The optimist will not select any alternatie D2 03 Either Dior D3

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