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Question 18 (1 point) The EVUll value is 704.0 and the EVUPI value is 2,958.9, what is the value of EVPI? Please keep one decimal

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Question 18 (1 point) The EVUll value is 704.0 and the EVUPI value is 2,958.9, what is the value of EVPI? Please keep one decimal point. Your Answer: Answer Based on the regret table below: Regret table Decision Alternative Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4 State of nature Poor Average Good 24 0 171 121 27 23 0 19 0 17 12 26 What is the best decision using the Minimax Regret criterion : 1) DA1 2) DA2 3) DA3 4) DA4

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