A farmer in Georgia must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill with Russia

Determine the best crop to plant, using the following decision criteria.
a. Maximax
b. Maximin
c. Minimax regret
d. Hurwicz (α = .3)
e. Equallikelihood

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Trade Bill Pass Crop Corn Peanuts Soybeans Fail $35,000 8,000 12,000 20,000 18,000 22,000