Question: Consider the following payoff table: Choose the best alternative using the following criterion: a. Maximax b. Maximin c. Equally likely d. Minimax regret e. Hurwicz

Consider the following payoff table:

Consider the following payoff table:Choose the best alternative using the

Choose the best alternative using the following criterion:
a. Maximax
b. Maximin
c. Equally likely
d. Minimax regret
e. Hurwicz using α = 0.4

Demand Level Alternative $180 $90 $210 -$200 0$300 $350 $120 $80

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