ULL Vue JUU leerence tions Number Header & Footer Box WUL VPUMA Parts Links Apps Media 2. 3.4. d4 5 ED 67 Comments 89 20 10 11 12 13 14 15 17 | 20 20 b. C if an optimistic strategy is used. if a conservative strategy is used. if minimax regret is the strategy. (2 Marks) (2 Marks) (2 Marks) [Total: 6 Marks] 5 S3 A payoff table is given as State of Nature Decisio Si S2 n d: 250 750 dz 300 -250 d: 500 500 500 1200 600 0 a b C. d. . What choice should be made by the optimistic decision maker? (2 Marks) What choice should be made by the conservative decision maker? (2 Marks) What decision should be made under minimax regret? (2 Marks) If the probabilities of S1, S2, and so are 2, 5, and 3, respectively, then what choice should be made under expected value? (2 Marks) What is the EVPI? (2 Marks) [Total: 10 Marks)