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I need ans within 15 minutes my best wishes ton Q3: Answer the following: 10 mark The following payoff table shows the profit for a

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Q3: Answer the following: 10 mark The following payoff table shows the profit for a decision problem with two states of nature and three decision alternatives, Decision State of Nature Lternative D1 D2 D3 S1 10 5 60 S2 30 20 -10 Identify the decision taken under the following approaches: (1) Pessimistic (2) Optimistic (3) Equal probability (4) Regret (5) Hurwicz criterion Note: The decision maker's degree of optimism (a) being 0.6. 1 Add File

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