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Question 18 (1 point) Listen Consider the following regret table: DA: Decision Alternative. Regret Table State of Nature Decision Alternative Good Bad Probabilities 0.3 0.7 DA1 2.9 ol DA2 4.5 8.2 DA3 3.2) 7.3 0 8.3 DA4 What is the EOL? Enter the amount not the Decision Alternative. (Please keep 1 decimal for your answer) Your Answer: Answer Based on the Regret table below: Regret table Decision Alternative Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4 State of nature Poor Average Good 0 32 31 30 19 0 32 10 34 8. O What is the best decision using the Minimax Regret criterion: 12 1) DA1 15 2) DA2 18 3) DA3 4) DA4 In order to simulate the demand for year 2020 using Vlookup, with the below frequencies you must develop the ranges for each possible number of sales. You then generate a random number of 0.445. What would be the corresponding Number of Sales? Number of Sales Frequency Days) Probability Cumulative Probability SO 2 150 255 350 450 14 12 201 9 15 15 Your Answer: 18 Anur