Question: The table below represents the payoff table (matrix) for production decision and demand. Low Demand High Demand Produce 400 350 450 Produce 600 -100 600
The table below represents the payoff table (matrix) for production decision and demand.
| Low Demand | High Demand | |
|---|---|---|
| Produce 400 | 350 | 450 |
| Produce 600 | -100 | 600 |
| Produce 800 | -200 | 800 |
Specifically, the company can produce either 400 units, 600 units, or 800 units, and the demand is either low or high. Each value in the table profit is thousands dollars.
Complete the regret table (matrix) below.
| Low Demand | High Demand | |
|---|---|---|
| Produce 400 | ||
| Produce 600 | ||
| Produce 800 |
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