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Question #5 and 6 are together, please both of them. QUESTION 5 What should Ken do if he applies the minimax regret approach? Equipment FavorableUnfavorable

Question #5 and 6 are together, please both of them. image text in transcribed
QUESTION 5 What should Ken do if he applies the minimax regret approach? Equipment FavorableUnfavorable Market (S)Market (5) Sub 100 Oiler J Texan 300,000200,000 250,000-100,000 75,000 18,000 a. Sub 100, Favorable Market o b. Sub 100, Unfavorable Market e c Oiler J, Favorable Market e d Oiler J, Unfavorable Market o e Texan, Unfavorable Market QUESTION 6 What is the payoff for the minimax regret approach? Equipment Favorable Unfavorable Sub 100 Oiler J Texan Market (S)Market (S) 300,000200.000 250,000 -100 000 18.000 75.000

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