File Home Insert Page Layout Formulas Data Review View Help 2 Calibri General 11 AA == Cond $ - % 9 Form Paste BIU ===== = AN Cells Undo Clipboard Font Alignment Number H 21 X fx A B E F Consider the profits below for three decision alternatives (A1, A2, A3) and two states of nature (S1, S2). Answer the following questions: a. If one uses maximin as the decision criterion, which of the alternatives would be chosen? 2 pts b. If the one uses minimax regret as the criterion, which alternative would be chosen? 3 pts C. Find the Expected Monetary Values of the alternatives; assume that the probablility of S1 is 57% and then probability of S2 is 43%. 2 pts 14 15 16 c. Find the expected Monetary Values of the alternatives; assume that the probablility of S1 is 57% and then probability of S2 is 43%. 2 pts S1 S2 117 18 119 20 21 A1 A2 10 -2 003 2 8 4 00