Question: 1.Build the payoff table for this decision situation. 2.Build the regret table for this decision situation B. The owner of a small specialty food store

1.Build the payoff table for this decision

1.Build the payoff table for this decision situation.

2.Build the regret table for this decision situation

B. The owner of a small specialty food store stocks specially aged steak. In the past 100 weeks, the store has experienced the following weekly demand for this steak (in pounds): Weekly Demand (pounds) 15 25 35 55 Frequency (weeks) 10 30 50 10 The owner buys the meat from his supplier for $2.10 per pound and sells the steak for $5.00 per pound. All that is left unsold at the end of the week is sold at discount to the county animal shelter at $0.50 per pound. The food store owner wants to know how many pounds of steak to consistently order per week

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