Are the decisions alone the same Yes or no Whether they agree or not, explain...
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Are the decisions alone the same Yes or no Whether they agree or not, explain why.
1.state the best decision if the owner is an optimist and state the payoff from the best decision if the owner is an optimist
2. state the best size of station to build if the owner wants to minimize his largest possible regret and state the payoff from the best decision from using the above decision-making criterion.
3. state the best size of station to build if the owner is a pessimist. state the payoff from the best decision is a pessimist. state the best size of station to build if the owner wants to hedge between optimism and a pessimism by using a coefficient of optimism with the numerical value of 0.60. state the payoff from the best decision using the above decision-making criterion.
I created the model, but Im stuck. highlight the answer and explain thanks
