The following is an opportunity loss table. What decision should be made under the Minimax Regret criterion? State of Nature Alternatives A B C Alternative 1 0 45 80 Alternative 2 95 25 0 Alternative 3 0 120 . .. . O a. alternative 1 O b. alternative 2 . . . O c. alternative 3 O d. does not matter which one QUESTION 4 The following is a payoff table that was developed to help a person choose between two investment alternatives. Probability 0.3 0.7 Good Economy Poor Economy Alternative #1 10,000 -2,000 Alternative #2 5,000 4,000 The expected value of perfect information is 1,500 O 4,300 600 O 5,800