a) Using the maximax method, the appropriate decision is b) Using the maximin method, the appropriate decision is c) Using the equally likely method, the appropriate decision is

Given the following conditional value table, determine the appropriate decision under uncertainty using maximax, maximin, equally likely methods. Alternatives Large plant Small plant Overtime Do nothing Very Favorable Market $275,000 $200,000 $100,000 $0 States of Nature Average Market $100,000 $60,000 $40,000 $0 Unfavorable Market - $ 150,000 - $10,000 - $1,000 $0