Markham Hotel is considering expanding its meeting facility. The following table shows the 3 alternatives, the states of nature and their payoffs:

Alternative	Alt#	Low Demand	Medium Demand	High Demand
1,000m facility	1	$40,000	$33,000	$34,000
2,000m facility	2	$11,000	$41,000	$52,000
3,000m facility	3	-$16,000	$22,000	$93,000

What would be your choice if you were optimistic about the future? Write down the Alt# in the box:

What would be your choice if you were pessimistic about the future? Write down the Alt# in the box:

If you believed that there is equal chance for each state of nature to happen, what would be your choice? Write down the Alt# in the box:

Regret Table

Alternative	Alt#	Low Demand	Medium Demand	High Demand	Worst
1,000m facility	1	D	G	J	M
2,000m facility	2	E	H	K	N
3,000m facility	3	F	I	L	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 =

E =

F =

G =

H =

I =

J =

K =

L =

M =

N =

O =

If minimax regret is to be adopted, which alternative should be selected? Write down the alt# in the box: