Question 5 (2 points) Consider the same decision as before, but now the table below is the Regret table for each decision alternative and state of nature. Determine which decision to select using a Minimax Regret approach. As before, enter a 1 in the blank below for decision 1 and a 2 in the blank for decision 2. S1 S2 53 d1 4 0 0 d2 0 3 8 Your Answer: Answer Question 6 (2 points) Suppose that there is a decision to be made where there are two decision alternatives and three possible states of nature. Consider the payoff table below, and determine the regret for decision alternative 1 if state 3 occurs. 51 52 53 15 18 5 d1 d2 25 25 20 Your Answer: Question 5 (2 points) Consider the same decision as before, but now the table below is the Regret table for each decision alternative and state of nature. Determine which decision to select using a Minimax Regret approach. As before, enter a 1 in the blank below for decision 1 and a 2 in the blank for decision 2. S1 S2 53 d1 4 0 0 d2 0 3 8 Your Answer: Answer Question 6 (2 points) Suppose that there is a decision to be made where there are two decision alternatives and three possible states of nature. Consider the payoff table below, and determine the regret for decision alternative 1 if state 3 occurs. 51 52 53 15 18 5 d1 d2 25 25 20 Your