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

b) 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 ?
c) 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?
d) 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).
Tx Problem A.1 Question Help Given the following conditional value table: Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market $300,000 $160,000 $120,000 $0 States of Nature Average Market $210,000 $100,000 $70,000 $0 Unfavorable Market - $280,000 - $15,000 - $8,000 $0 a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will beStep by Step Solution
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