Question 2. (3 points) ABC Inc. is considering the introduction of two new software products to the market. In particular, the company has three options regarding these two proposed products: introduce product 1 only, introduce product 2 only, or introduce both products. The success of these software products depends on the trend of the national economy in the coming year and on the consumers reaction to these products. The companys revenues earned by introducing product 1only, product 2 only, or both products in various states of the national economy are given below.

	weak	fair	strong
d1 : product 1 only	10	15	20
d2 : product 2 only	8	18	16
d3 : both products	9	16	25

Assume the company knows nothing about the probabilities of states of nature, determine the best decision by using the following decision criteria:

(1) What decision should be made by the optimistic approach and why?

(2) What decision should be made by the pessimistic approach and why?

(3) Develop regret table and suggest what decision should be made using minimax regret and why?