Question: Please dont use AI and I had a hard time with this question. Please explain in detail 1. Suppose that a decision maker faced with

Please dont use AI and I had a hard time with this question. Please explain in detail

1. Suppose that a decision maker faced with four decision alternatives and four states of nature develops the following profit payoff table: If the decision maker knows nothing about the probabilities of the four states of nature, what is the recommended decision using the; a. optimistic, b. conservative, and c. minimax regret approaches

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