Using the LAPLACE method, Which decision alternative would you pick? 27 State of nature Decision Alternative Poor Average Good Decision Alternative 1 21 24 Decision Alternative 2 19 19 16 25 13 Decision Alternative 3 34 22 23 30 Decision Alternative 4 1) Decision Alternative 1 2) Decision Alternative 2 3) Decision Alternative 3 4) Decision Alternative 4 Consider the following payoff table: DA: Decision Alternative. of States Excellent 10 Good GO 8 Nature Fair Poor 10 2 10 13 2 -10 12 17 4 Decision Alternative DA1 DA2 DA3 DA4 14 7 3 -5 6 What is the payoff for DA2 (Decision Alternative 2) and State of nature Good