Question: Given the following conditional value table: a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be The value

Given the following conditional value table: a)
Given the following conditional value table: a) 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 5 b) 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 $ c) 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). Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market $350,000 $180,000 $110,000 $0 States of Nature Average Market $240,000 $90,000 $60,000 $0 Unfavorable Market -$300,000 -$20,000 -$10,000 $0

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