Question: a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be The value of the return under this decision

a) Using the decision making under uncertaintya) Using the decision making under uncertainty

a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be The value of the return under this decision is $ b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be The value of the return under this decision is $ 0. c) Using the decision making under uncertainty with the criterion of Equally Likely. The appropriate decision will be The value of the return under this decision is $ (enter your answer as a whole number). Given the following conditional value table: Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market $250,000 $270,000 $100,000 $0 States of Nature Average Market $180,000 $185,000 $50,000 $0 Unfavorable Market - $200,000 - $220,000 - $12,000 $0

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