a. C; 70

b. D; 140

c. A; 55

d. B; 30

A decision maker using the maximin criterion on the problem below would choose Alternative because the maximum of the row minimums is States of Nature 1 2 3 Alternative A 50 55 60 Alternative B 30 50 80 Alternative C 70 80 70 Alternative D -100 -10 140 A decision maker using the maximin criterion on the problem below would choose Alternative because the maximum of the row minimums is States of Nature 1 2 3 Alternative A 50 55 60 Alternative B 30 50 80 Alternative C 70 80 70 Alternative D -100 -10 140