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sold up to Compute the monthly salary payoff table for Jim and fill the blanks: 2500 PAYOFF TABLE Number of Homes Sold 1 2 Salary

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sold up to Compute the monthly salary payoff table for Jim and fill the blanks: 2500 PAYOFF TABLE Number of Homes Sold 1 2 Salary Plan 1 2500 2500 2500 Salary Plan 11 1000 2200 Salary Plan III 0 1000 2000 3 ---- 2800 3000 4 2500 3400 4000 2500 4000 -d-- 6000 2500 b 1600 C 4600 do 5000 For this payoff table find Jim's optimal decision using: minimax regret approach. Plan2 Suppose that during the past year the following is Jim's distribution of home sales. If one assumes that this a typical distribution for Jim's monthly sales, which salary plan should Jim select? Plans and what is expected value? 6400 choose the closes answer) Home Sales Number of Months 0 1 1 2 2 1 3 2

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