Question: Build the Opportunity Loss (Regret) table for the below data and answer the following question DA: Decision Alternative. State of Nature Decision Alternative Good Bad

Build the Opportunity Loss (Regret) table for the below data and answer the following question DA: Decision Alternative. State of Nature Decision Alternative Good Bad DA1 5.0 -3.0 DA2 -5.0 8.1 13.3 DA3 -5.3 5.2 DA4 A decision of DA2 would mean an opportunity loss of In state of nature Good (Round to 1 decimal place) Consider the following Regret Table: DA: Decision Alternative. Regret State of Nature Decision Alternative Good Bad Probabilities 0.3 0.7 DA1 1.0 DA2 4.5 8.2 DA3 7.3 3.2 0 8.0 DA4 What is the EOL? Enter the amount not the Decision Alternative. (Please keep 1 decimal for your answer)

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