please fill in both tables and answer questions, including Final Decision at the end.

3. (6 pts) Use the following table to answer questions. The payoffs are Total Costs Decision State of Nature State-of-Nature 1 State-of-Nature 2 State-of-Nature 3 Alternative 1, (A1) 10 25 35 Alternative 2. (A2) 10 45 15 Alternative 2. (A3) 15 65 0 Alternative 2. (A4) 30 10 30 State-of-Nature 4 15 10 35 30 Construct a regret table using the table above. State-of-Nature 1 State-of-Nature 2 State-of-Nature 3 State-of-Nature 4 Alternative 1. (A1) Alternative 2, (AZ) Alternative 2. (A3) Alternative 2. (A4) What is the best alternative using _regret criterion? c. (2 pts) Decision: In the following table calculate Hurwicz (a=.25) and Equal Likelihood (Laplace) Criteria: Decision Hurwitz Laplace Alternative 1. (A1) Alternative 2. (A2) Alternative 2. (A3) Alternative 2. (A4) What are the best alternatives using Hurwicz and Laplace criteria? e. (1 pts) Hurwicz (a=25)_ Decision: f. (1 pts) Equal likelihood _Decision: (1pts) Final Decision