Question: 1. Starting with the provided Excel sheet (optional) and given the following information, create Payoff and Regret tables. a. You own a business selling filet

1. Starting with the provided Excel sheet (optional) and given the following information, create Payoff and Regret tables. a. You own a business selling filet mignon (steak). You buy this at a cost of $8 per pound. You can sell it fresh for $10 per pound. Any excess you must freeze and later sell at $3 per pound. You typically sell anywhere between 600 and 650 pounds of fresh filet mignon per week (based on demand), and must buy this in 10 pound increments

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