Question: A payoff table is given as Decision d] $1 12 16 11 State of Nature $2 12 20 12 9 3 10 dz a. [1

A payoff table is given as Decision d] $1 12 16 11 State of Nature $2 12 20 12 9 3 10 dz a. [1 mark) What decision should be made by the optimistic decision maker? b. [1 mark) What decision should be made by the conservative decision maker? [2 marks) What decision should be made under minimax regret? d. [2 marks) If the probabilities of s1, s2, and s3 are 0.2, 0.4 and 0.4, respectively, then what decision should be made under expected e. [2 marks] What is the EVPI? For the toolbar.press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial BIUS Paragraph I. 14px V Question 2 A payoff table is given as Decision di $1 12 16 11 State of Nature 2 12 20 12 9 3 10 d3 a. [1 mark) What decision should be made by the optimistic decision maker? b. [1 mark) What decision should be made by the conservative decision maker? c. [2 marks] What decision should be made under minimax regret? d. [2 marks) If the probabilities of s1, s2, and s3 are 0.2.0.4, and 0.4, respectively, then what decision should be made under expect e. [2 marks] What is the EVPI? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). T. B I US Paragraph 14px Arial v !!! IP P

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