A B C D 1 Question 4 29 Points 2 Minimax etc. LLI E F G H 3 4 5 6 Alternatives There are two outcomes: a good market and a bad market., The decision table is presented below. There are four alternatives: do nothing, build a small plant, build a medium-size plant, and build a large plant. PAYOFFS Outcomes Good market Bad market 7 Do nothing $0 $0 8 Small Plant $30,000 ($10,000) 9 Medium Plant $100,000 ($15,000) 10 Large Plant $200,000 ($30,000) So you are to workout the Maximax, the Maximin, the Equally likely the Hurwicz based on a .11 probability and the regret using 11 minimax. In words give the answers to these 12 questions: What are your answers 13 under: 14 maximax Best payoff option for Best payoff option for 15 maximin is 16 Best payoff option for equally likely is Best payoff option for 17 Hurwicz is Put a Bold Box around the word 18 Outcomes 19 Keep the Bad Market amounts in Red Ink Make the type style Ariel and Size 12 in 20 Black 22