Question: Given the following conditional value table, determine the appropriate decision under uncertainly using: (a) Maximax (b) Maximin (c) Equallylikely States of Nature Very Favorable Average

Given the following conditional value table, determine the appropriate decision under uncertainly using:

(a) Maximax
(b) Maximin
(c) Equallylikely

States of Nature Very Favorable Average Unfavorable Alternatives Market Market Market Build new pant 350,000 $%240,000 $300,000 Subcontract Overtime Do nothing $180,000 90,00020,000 $110,000 60,000 10,000

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