Question: 2. A payoff table is given as Decision di d2 dz State of Nature si S2 S3 15 7 9 5 13 8 11 10

2. A payoff table is given as Decision di d2 dz
2. A payoff table is given as Decision di d2 dz State of Nature si S2 S3 15 7 9 5 13 8 11 10 10 a. b. C. d. What decision should be made by the optimistic decision maker? What decision should be made by the pessimistic decision maker? What decision should be made under minimax regret? If the probabilities of S1, S2, and s3 are 0.3, 0.3, and 0.4, respectively, then what decision should be made under expected monetary value? You must report the expected monetary value for each decision alternative. Using the probabilities in d), what is the EVPI? e

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