Consider the same decision as before, but now the table below is the Regret table for each decision alternative and state of nature. Determine which decision to select using a Minimax Regret approach. As before, enter a 1 in the blank below for decision 1 and a 2 in the blank for decision 2. S3 S1 o S2 3 7 d1 d2 5 0 0 Your Answer: Answer Question 5 (2 points) Suppose that there is a decision to be made where there are two decision alternatives and three possible states of nature. Consider the payoff table below, and determine the maximum regret for decision alternative 1. 52 S1 7 9 S3 15 d1 d2 17 13 15 Suppose that there is a decision to be made where there are two decision alternatives and three possible states of nature. Consi Open the home page table below, and determine the regret for decision alternative 1 if state 2 occurs. S2 51 4 S3 6 4 d1 d2 25 24 10