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Question in Business Analytics Using the Payoff Table below, which is the recommended decision alternative using the optimistic approach? Payoff Table Decision State of Nature

Question in Business Analytics

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Using the Payoff Table below, which is the recommended decision alternative using the optimistic approach? Payoff Table Decision State of Nature State of Nature State of Nature Alternative 1 2 3 D1 50 75 80 D2 20 70 30 D3 10 85 45 D4 -30 40 60 D5 60 35 25 O D1 O D2 O D3 O D5

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