Use the decision table given here to complete parts (a) through (d).a. Use the maximax criterion to determine which decision alternative to select.b. Use the maximin criterion to determine which decision alternative to select.c. Use the Hurwicz criterion to determine which decision alternative to select. Let α = 0.3 and then let α = 0.8 and compare the results.d. Compute an opportunity loss table from the data. Use this table and a minimax regret criterion to determine which decision alternative to select.

d Decision Alternative d d3 State of Nature $1 250 110 390 $2 175 100 140 S3 -25 70 -80