Question: emergency i need help with only these problems please help. for 5 and 6 i dont know if my answers are right or wrong. ill

emergency i need help with only these problems please help. for 5 and 6 i dont know if my answers are right or wrong. ill give a thumbs up if fully completed

QUESTION 3 What is Maria's decision under the conservative approach? Alternative Good Market Average Market Bad Market Small Shop $75,000 $25,000 ($40,000) Medium Sized Shop $100,000 $35,000 ($60,000) No Shop $0 $0 $0 O a. Small Shop, Bad Market O b.Small Shop, Good Market O c. Medium Size Shop, Bad Market O d. Medium Size Shop, Good Market O e. No Shop QUESTION 4 What is the payoff for the answer to question 3? Alternative Good Market Average Market Bad Market Small Shop $75,000 $25,000 ($40,000) Medium Sized Shop $100,000 $35,000 ($60,000) No Shop $0 $0 $0 QUESTION 5 What is Maria's decision under the minimax regret approach? Alternative Good Market Average Market Bad Market Small Shop $75,000 $25,000 ($40,000) Medium Sized Shop $100,000 $35,000 ($60,000) No Shop $0 $0 $0 a. Small Shop, Bad Market O b. Small Shop, Average Market O C. Small Shop, Good Market O d. Medium Sized Shop, Average Market O e.No Shop, Average Market

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