Question: Hi please solve this perfectly as given in question. This is part of buisness analytics. 1. Using the payoff table below select the best decision

Hi please solve this perfectly as given in

Hi please solve this perfectly as given in question. This is part of buisness analytics.

1. Using the payoff table below select the best decision option using each of the following decision criteria (use tables as necessary to present your approach): a) maximin decision criterion b) Savage criterion c) Expected Monetary Value criterion (7 marks 2. In your own words provide a comparative critical evaluation of these three decision criteria in no more than 300 words

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