6. Use the following chart to answer the question Type of Property Favorable Market Unfavorable Market Apartment 225,000 275,000 Warehouse 175,000 125,000 Night Club 280,000 -50,000 a) (3 POINTS) What decision would you make using Maximax criterion (show your work) I would choose (type of Property) $ b) (3 POINTS) What decision would you make if you were 70% sure the market would be favorable &30% sure it would be unfavorable I would choose (type of Property) $ c) (3 POINTS) What decision would you make if you were equally as sure the market would be favorable or unfavorable (50%/50%) I would choose (type of property) $ d) (3 POINTS) Create an opportunity loss table What decision would minimize the expected opportunity loss? I would choose (type of Property) $