Question: Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and

Consider the following payoff table that

Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and S3. S1 S2 S3 A $60 $145 $120 B $75 $125 $110 $95 $85 $130 a) Using the maximax criterion, what would be the highest expected payoff? b) Using the criterion of realism and an alpha value of 0.7, what would be the highest expected payoff? c) Using the Laplace criterion, what would be the highest expected payoff? 10 Points D) $148 $122 $ 108.3 C)$125 $123 $ 103.3 B) $119.5 $145 $108.3 O A) $145, $119.5 $108.3

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