Please use table for reference to the following questions:

1. Using the Conservative (Aka maximin) strategy: What is the net revenue (in thousands of dollars) under the Worst-case scenario for one examiner?

2. Using the Conservative (Aka maximin) strategy: What is the net revenue (in thousands of dollars) under the Worst-case scenario for two examiners?

3. Using the Conservative (Aka maximin) strategy: What is the net revenue (in thousands of dollars) under the Worst-case scenario for two examiners?

4. If she uses the conservative (aka Maximin) strategy, how many new examiners will she decide to hire?

5. Using the opportunity-loss (aka minmax regret) strategy: What is the maximum regret if one examiner is hired?

6. Using the opportunity-loss (aka minmax regret) strategy: What is the maximum regret if two examiners are hired?

7. Using the opportunity-loss (aka minmax regret) strategy: What is the maximum regret if two examiners are hired?

8. If she uses the opportunity-loss (aka minmax regret) strategy, how many new examiners will she decide to hire?

The local operations manager for the Internal Revenue Service must decide whether to hire one, two, or three temporary tax examiners for the upcoming tax season. She estimates that net revenues (in thousands of dollars) will vary with how well taxpayers comply with the new tax code just passed by Congress, as follows: NUMBER OF EXAMINERS One Two Three COMPLIANCE LOW NORMAL 50 50 100 60 150 70 HIGH 50 20 -10