1) Answer the questions based on the following payoff table. State of nature Alternative a. If somehow you find out for certain that state of nature #4 is going to occur, which alternative will you select? b. If you are uncertain which state of nature will occur, and use the maximin criterion, which alternative will you select? c. If you are uncertain which state of nature will occur, and use the maximax criterion, which alternative will you select? d. If you are uncertain which state of nature will occur, and use the Laplace criterion, which alternative will you select? e. If you feel that P(#1) = .4, P(#2) = .3, P(#3) = -2, and P(#4)=.1, which alternative will you select