Illustrate what is the minimum regret decision

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Reference no: EM13105541

Q. For example, if Susan constructs a small station and the market is good, she will realize a profit of $50,000.

(a) Develop a decision table for this decision.

(b) Illustrate what is the maximum decision?

(d) Illustrate what is the equally likely decision?

(e) Value of 0.8.Illustrate what is the criterion of realism decision?

(f) Develop an opportunity loss table.

(g) Illustrate what is the minimum regret decision?

Reference no: EM13105541

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