create an oppurtunity Loss Table and indicate the Minimax Regret Decision

Decision making under uncertainty Good market Poor market 120 90 Strip Mall Maximax | Maximin Equally Criterion Likely of Realisen (a=0.8) 120 90 120 + 90 0.8 x 120+ (1-0.8990- 2 114 105 1000 20 1000 + 20 0.8 x 1000+ (1-0.8)20 = 2 804 = 510 300 125 125 + 300 0.8 x 300 + (1-0.8925 = 2 265 212.5 1000 20 Sketchy Pub 125 300 Food Truck Create an Opportunity Loss Table and indicate the Minimax Regret decision (5 points) Chapter 3 Good market Poor market Minimax Strip Mall Sketchy Pub Food Truck