a) Using the decision makin under uncertainty with the criterion of Maximax: The appropriate size of the first station should be_______.

The value of the return under this decisions is_______(enter answer as a whole number)

b) Using the decision making under uncertainty with the criterion of Maximin: the appropriate size of the first station should be______.

The value of the return uner this decision is______. (enter as a whole number)

c) Using the decision making under uncertainty with the criterion of Equally likely: the appropriate size of the first station should be_______.

The value of return under this decision is______(enter as a whole number)

Even though independent gasoline stations have been having a difficult time, lan Langella has been thinking about starting his own independent gasoline station. lan's problem is to decide how large his station should be. The annual returns will depend on both the size of his station and a number of marketing factors related to the oil industry and demand for gasoline. After a careful analysis, lan developed the following table