Question: Question 18 (1 point) The EVUll value is 704.0 and the EVUPI value is 2,958.9, what is the value of EVPI? Please keep one decimal

Question 18 (1 point) The EVUll value is 704.0 and the EVUPI value is 2,958.9, what is the value of EVPI? Please keep one decimal point. 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 24 0 171 121 27 23 0 19 0 17 12 26 What is the best decision using the Minimax Regret criterion : 1) DA1 2) DA2 3) DA3 4) DA4

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