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2. Observe the compensation table in which the entries are in net income in pesos. It assumes that this is a decision without any knowledge

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2. Observe the compensation table in which the entries are in net income in pesos. It assumes that this is a decision without any knowledge of the states of nature. a. What is the optimal decision, using the Laplace criterion? b. What is the optimal decision, using the maximin criterion? c. What is the optimal decision, using the Wcriterion? d. Generate a table of retributions in which the entries are regret. e. What is the optimal decision, using the minimax regret criterion? F. Look again at the pay table. Assume that the following probabilities are specied for states of nature: EU) 0.1, P(2) 0.4, P(3} 0.3, PM} 0.2 f1. Find the decision that maximizes the expected net return in dollars. f2. Find the decision that minimizes the expected regret. TABLA 10.13 ESTADO DE LA NATURALEZA DECISION 2 3 4 35 22 25 12 27 25 20 18 22 25 25 28 4 20 25 28 33

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