Question: daily demand for trout is: Construct a payoff matrix for this problem. (a) What decision should be made according to the maximax decision rule? That

daily demand for trout is: Construct a payoff matrix for this

daily demand for trout is: Construct a payoff matrix for this problem. (a) What decision should be made according to the maximax decision rule? That is, how many trout should be ordered? (b) What decision should be made according to the maximin decision rule? That is, how many trout should be ordered? (c) What decision should be made according to the minimax regret decision rule? That is, how many trout should be ordered? (d) What decision should be made according to the EMV decision rule? That is, how many trout should be ordered? (e) What decision should be made according to the EOL decision rule? That is, how many trout should be ordered? (f) At most, how much should the owner of the market be willing to pay (in dollars) to obtain a demand forecast that is 100% accurate? (Round your answer to the nearest cent.) $ (g) Which decision rule would you recommend the market use in this case? Why? (a) This answer has not been graded yet

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