Question: a. Create opportunity cost table from the given payoff matrix b. Select the best alternative using pessimism criteria with reason. C. Compute the EOL for

Create opportunity cost table from the given payoff matrix

Select the best alternative using pessimism criteria with reason.

Compute the EOL for each alternative and select the optimal solution.

(Complete and precise Solution needed)

Suppose you have the following cost payoffs in payoff matrix a. Create opportunity cost table from the given payoff matrix b. Select the best alternative using pessimism criteria with reason. c. Compute the EOL for each alternative and select the optimal solution

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