Consider the following payoff table:

Demand Level Alternative 1 2 3 4 A $500 $500 $500 $500 B - $300 $1,000 $1,000 $1,000 C - $1,100 $200 $1,500 $1,500 D - $1,900 - $600 $700 $2,000 Choose the best alternative using the following criterion:

a. Maximax

b. Maximin

c. Equally likely

d. Minimax regret

e. Hurwicz using a = 0.7 Applications AppendixLO1