URGENT WILL GIVE LIKE!! #$7-9!!!$ all go together ADD #$10$ ALL GO TOGETHER $$ Consider the following payoff table: Competitor enters market Competitor does not enter market $0\mathrm{.}50\mathrm{.}5$ Sell business $404-8.\mathrm{.}6$ Do nothing Increase marketing campaign Launch new product $3708$ What is the optimal decision based on Maximin? Sell business Increase marketing campaign Launch new product Do nothing MacBook ProQuestion $8(1$ point$)$ Listen What is the optimal decision based on Bayes' Rule $($Expected Value$)?$ Launch new product Do nothing Sell business Increase marketing campaignQuestion $9(1$ point$)$ Listen What is the expected value? $02.045$ CON $7$Question $10(1$ point$)$ Listen An analyst can provide additional information that can result in an increase in the expected value by $2\mathrm{.}5.$ If the expected value with perfect information is $12$ and without perfect information is $8,$ that is the efficiency of the additional information? $2\mathrm{.}5/42\mathrm{.}5/124/2\mathrm{.}52\mathrm{.}5/8$