Use the following decision table 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 = 0.6.d. Compute an opportunity loss table from these data. Use this table and a minimax regret criterion to determine which decision alternative to select.

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Decision Alternative d₁ d₂ d3 d4 State of Nature $1 50 -75 25 75 $2 100 200 40 10