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Need to figure out how to do the Opportunity Loss table Mailings Review AaBbCcDdEe AaB A List Paragraph Name: Julian Smith Total points: 50 1.

Need to figure out how to do the Opportunity Loss table

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Mailings Review AaBbCcDdEe AaB A List Paragraph Name: Julian Smith Total points: 50 1. Joseph has three ways of selling to choose from: Strip Mall, Sketchy Pub and Food Truck. The market can be either good or poor, resulting in the following potential profits. Calculate the Equally Likely decision using the information below, circling the preferred option. (10 points) Chapter 3 Good Poor Equally Likely market market Strip 120 90 (120+90)/2=105 Mall Sketchy 1000 20 (1000+20)/2-510 Pub Food 125 300 (125+350)/2-212.5 Truck The Sketchy Pub has the highest average, this makes it the best decision Create an Opportunity Loss Table and indicate the Minimax Regret decision (10 points) Good market | Poor market | Minimax Strip Mall Sketchy Pub Food Truck

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