Question: The below payoff tables will be on the test. Be sure you can determine the best decision according to all the methods we have learned

The below payoff tables will be on the test. Be sure you can determine the best decision according to all the methods we have learned (e.g., maximax, minimax regret, EMV, EOL, EVPI, etc.). States of nature Alternatives a b c Alternative 1 100 120 180 Alternative 2 200 100 50 Alternative 3 120 140 120 Do Nothing 0 0 0

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