Question: Use the following Payoff Table: table [ [ State of Nature - - - - . - - - - - Yes,No , ]

Use the following Payoff Table:

\

table

[[

State of Nature

- - - - . - - - - -

Yes,No

,], [

Small

,

10^{* *}, 30], [

Medium

, 20, 40], [

Med

. -

Large,

30, 45], [

Large

, 40, 35], [

-

Large,

60, 20]]

?^{* *}

PV for profits

(

000)

The minimax regret strategy would be:

$Use the following Payoff Table: \table[[State of Nature ----.-----Yes,No,],[Small,$10**,30],[Medium,20,40],[Med.-Large,30,45],[Large,40,35],[Ex-Large,60,20]] ?** PV$

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