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The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature: a. Construct a decision tree

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The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature: a. Construct a decision tree for this problem. b. If the decision maker knows nothing about the probabilities of the three states of nature, what is the recommended decision using the optimistic, conservative, and minimax regret approaches

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