Question: Question 22 (1 point) ) Listen Consider the following Regret Table: DA: Decision Alternative. Regret State of Nature Decision Alternative Good Bad Probabilities 0.3 0.71

Question 22 (1 point) ) Listen Consider the
Question 22 (1 point) ) Listen Consider the
Question 22 (1 point) ) Listen Consider the following Regret Table: DA: Decision Alternative. Regret State of Nature Decision Alternative Good Bad Probabilities 0.3 0.71 DA1 1.5 0 DA2 4.5 8.21 DA3 7.3 3.2 DA4 OL 9.6 What is the EOL? Enter the amount not the Decision Alternative. (Please keep 1 decimal for your answer) Your Answer: Answer What is the best decision alternative using the Laplace criterion? Decision Alternative Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4 State of nature Poor Average Good 32 11 22 31 15 11 27 16 35 28 18 24 1) DA1 2) DA2 3) DA3 B 4) DA

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