Consider the following payoff table: Competitor enters market Competitor does not enter market 0.2 0.8 Sell business Do nothing IN Increase marketing campaign Launch new product There is a 0.2 probability that Competitor enters market. What is the optimal decision based on Minimax? Sell business, Min of Max Regrets = 4 Sell business, Min of Max Regrets = 0 O Do nothing, Min of Max Regrets = 4 Do nothing, Min of Max Regrets = 2 Question 4 (1.5 points) Listen What is the optimal decision based on Bayes Rule (Expected Value)? Do nothing, EV-5.0 O Increase marketing campaign, EV=5.8 Increase marketing campaign, EV=6 Do nothing, EV-6.8