Question: For the following Decision Tableau, make a decision using the minimax regret criterion. For your answer, give the size of the plant chosen and the

For the following Decision Tableau, make a decision using the minimax regret criterion. For your answer, give the size of the plant chosen and the corresponding payoff

Decision alternatives Favorable Market Unfavorable Market

Build Large Plant

200 - 50

Build Small Plant

120 30

Do Nothing

0 0

Probabilities

0.3 /

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