Question: for question b, the answwr options are the same for each question The following payoff table shows profit for a decision analysis problem with two

for question b, the answwr options are the same
for question b, the answwr options are the same
for question b, the answwr options are the same
for question b, the answwr options are the same for each question
The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature: State of Nature Decision Alternative 200 200 200 50 a. Choose the correct decision tree for this problem. (iv) 200 200 Tot 200 If the decision maker knows nothing about the probabilities of the three states of nature, what is the recommended decisions ro Lo- b. If the decision maker knows nothing about the probabilities of the three states of nature, what is the recommended decision using the optimistic, conservative, and minimax regret approaches? Optimistic approach Conservative approach Minimax regret approach

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