ABC ABCD Aalbck Aanta AaB about to do Norma No Space Heading 1 2 Title Suite b) A certain output is momfattured at lesh 80 and sold at les 140 perwt The produd such that it is produced but not sold during a day's time it becomes worth the daily les records in the past are as follow Sales per day 40 50 60 20 No of days 24 12 1 Prepare a payoff and a regret toblo 1 mark] Find this expected payoffs and regreti mark Find the optimal act and the EVPif1 mark] Assuming uncertainty decision making environment, which was per day will be selected based on the following criteria a Moximax[2 marks] b. Minimax 12maris) Maximin regret2marks) d toploce 2marks] e Huwice assuming alpha is 0.6 [2marks ABC ABCD Aalbck Aanta AaB about to do Norma No Space Heading 1 2 Title Suite b) A certain output is momfattured at lesh 80 and sold at les 140 perwt The produd such that it is produced but not sold during a day's time it becomes worth the daily les records in the past are as follow Sales per day 40 50 60 20 No of days 24 12 1 Prepare a payoff and a regret toblo 1 mark] Find this expected payoffs and regreti mark Find the optimal act and the EVPif1 mark] Assuming uncertainty decision making environment, which was per day will be selected based on the following criteria a Moximax[2 marks] b. Minimax 12maris) Maximin regret2marks) d toploce 2marks] e Huwice assuming alpha is 0.6 [2marks