a)If the decision maker knows nothing about the probabilities of the four states of nature, what is

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a)If the decision maker knows nothing about the probabilities of the four states of nature, what is the recommended decision using the optimistic, conservative and minimax regret approaches?

(15 Marks) Decision State of Nature Alternative s.2 dl 14 9 10 d2 11 10 8 d3 9 10 10 11 d4 8 10 11 13

Posted Date: Jun 21, 2024 04:03 AM

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a)If the decision maker knows nothing about the probabilities of the four states of nature, what is

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