Question: Given the following conditional value table, determine the appropriate decision under uncertainty using a) maximax b) maximin c) equally likely ALTERNATIVES STATES OF NATURE VERY

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

a) maximax

b) maximin

c) equally likely ALTERNATIVES STATES OF NATURE VERY FAVORABLE MARKET AVERAGE MARKET UNFAVORABLE MARKET Large plant $275,000 $100,000 -$150,000 Small plant $200,000 $ 60,000 -$ 10,000 Overtime $100,000 $ 40,000 -$ 1,000 Do nothing $ 0 $ 0 $ 0

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