James Miller wants to make a decision. For his current problem, James has constructed the following payoff table (in $100 ) and he now wishes to maximize the expected payoff. (a) If James wants to minimize regret (i.e., minimax regret criterion), which decision would he choose? Justify. (3 points) (b) Using the expected payoff criterion, which decision would James choose? Justify. (3 points) (c) What is the expected value of perfect information (EVPI)? (3 points)