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Sell - a - lot an online store must place orders with an athletic shoe manufacturer six months before the season starts. Sell a lot

Sell-a-lot an online store must place orders with an athletic shoe manufacturer six months before the season starts. Sell a lot considers introducing one of the three new shoes for the next season; green Pabuc, Blue Pabuc, and Red Pabuc. A manager at sell a lot predicts the following profit based on market conditions. Figure out the following: 1. Under Maximax decision rule out the optimal decision 2. Under Maximin decision rule figure out the optimal decision 3. Complete the regret table (Matrix Below)4.Under the Minimax regret decision rule figure out the optimal decision Sell-A-Lot, an online store, must place orders with an athletic shoe manufacturer six months before the season starts. Sell-A-Lot considers introducing one of the three new shoes for the next season; Green Pabuc. Blue Pabuc, and Red Pabuc. A manager at Sell-A-Lot predicts the following profit based on market conditions. The values are in thousands. Considered the problem statement and data table above. Under the Maximax decision rule, the optimal decision is The corresponding value for the optimal decision isSell-A-Lot, an online store, must place orders with an athletic shoe manufacturer six months before the season starts. Sell-A-Lot considers introducing one of the three new shoes for the next season; Green Pabuc, Blue Pabuc, and Red Pabuc. A manager at Sell-A-Lot predicts the following profit based on market conditions. The values are in thousands. Considered the problem statement and data table above. Under the Maximin decision rule, the optimal decision is . The corresponding value for the optimal decision isSell-A-Lot, an online store, must place orders with an athletic shoe manufacturer six months before the season starts. Sell-A-Lot considers introducing one of the three new shoes for the next season; Green Pabuc, Blue Pabuc, and Red Pabuc. A manager at Sell-A-Lot predicts the following profit based on market conditions. The values are in thousands. Complete the regret table (matrix) below.Sell-A-Lot, an online store, must place orders with an athletic shoe manufacturer six months before the season starts. Sell-A-Lot considers introducing one of the three new shoes for the next season; Green Pabuc, Blue Pabuc, and Red Pabuc. A manager at Sell-A-Lot predicts the following profit based on market conditions. The values are in thousands. Considered the problem statement and data table above. Under the Minimax Regret decision rule, the optimal decision is . The corresponding value for the optimal decision is .PS You need to use the data from previous question to answer this question.

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