Blackboard Learn college.ca/ultra/courses/_647028_1/cl/outline Question Completion Status: Your restaurant chain is considering 3 different alternatives to respond to the tightening public health measures. The following table shows the 3 alternatives, the colour-coded tiers (ie. states of nature) and their payoffs Alternative # Prevent Protect Restrict Control $400,000 $150,000 $30,000 $80,000 2 $650,000 $200,000 $80,000 $200,000 3 $300,000 $100,000 $20,000 SO What would be your choice if you were optimistic about the future? Write down the Alternative # in the box 2 What would be your choice if you were pessimistic about the future? Write down the Alternative # in the box 2 If you believed that there is equal chance for each state of nature to happen, what would be your choice? Write down the Alternative # in the box 2 Regret Table ($) Alternative # Prevent Protect Restrict Control Worst 1 250000 D G M 2 0 E H K N 3 350000 F O Using minimax regret, find out the values of D to O (No need to write down the $ sign and the thousand separator, e.g. if your answer is $10,000, write down 10000) D =