1) Complete the probability tables below using the following prior and conditional probabilities.HighandLowrepresent states of nature whileFavourableandUnfavourableare the possible reports of sample information. Round final answers to 3 decimal places where necessary. Do not round intermediate results.

P(high)=0.7

P(favourable | high)=0.65

P(unfavourable | low)=0.15

Favourable State Prior Conditional Joint Posterior High Low Total Unfavourable State Prior Conditional Joint Posterior High Low TotalGiven the following profit payoff table: 82 83 d1 80 100 240 d2 230 -80 210 d3 90 70 250 1. Construct an opportunity loss (regret) table by completing the following table. $1 82 83 d1 d2 d3 2. Given the probabilities of the states of nature are P(s1 ) = 0.1, P($2) = 0.1, and P(s3) = 0.8, calculate the minimum expected opportunity loss. Minimum EOL = 3. What is the best alternative based on expected opportunity loss? di d2 d3 OOO 4. What is the EVPI