Question: Question 8 (2 points) Suppose that there is a decision to be made where there are two decision alternatives and three possible states of nature.

Question 8 (2 points) Suppose that there is a

Question 8 (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 2 if state 3 occurs. S2 53 $1 15 14 15 d1 d2 4 14 12 Your

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