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The table shows both prospective profits and losses for Lovely Apparel, depending on what decision is made and what state of nature occurs. Use the information to determine what Lovely Apparel should do.   State of Nature Decision s1 s2 s3 d1   30  80  -30 d2 100  30  -40 d3  -80 -10 120 d4   20  20   20   if an optimistic strategy is used. if a conservative strategy is used. if minimax regret is the strategy.

The table shows both prospective profits and losses for Lovely Apparel, depending on what decision is made and what state of nature occurs. Use the information to determine what Lovely Apparel should do.   State of Nature Decision s1 s2 s3 d1   30  80  -30 d2 100  30  -40 d3  -80 -10 120 d4   20  20   20   if an optimistic strategy is used. if a conservative strategy is used. if minimax regret is the strategy.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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The table shows both prospective profits and losses for Lovely Apparel, depending on what decision is made and what state of nature occurs. Use the information to determine what Lovely Apparel should do.

 

State of Nature

Decision

s1

s2

s3

d1

  30

 80

 -30

d2

100

 30

 -40

d3

 -80

-10

120

d4

  20

 20

  20

 

  1. if an optimistic strategy is used.
  2. if a conservative strategy is used.
  3. if minimax regret is the strategy.

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