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Question 10 (8 points) The following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature Good, normal and poor Alternatives States of Nature Good normal $1,500 $600 $700 $300 $500 $200 0.50 0.25 B C probability Poor ($200) $200 $100 0.25 Refer to the payoff table. What is the expected value of perfect information (EVPI)? Refer to the payoff table. Using the maximin criterion, what would be the highest expected payoff? v Refer to the payoff table. What is the expected value under certainty? 1. $1,500 2. $200 Refer to the payoff table. Using the criterion of realism and an alpha value of 0.7, what would be the highest expected payoff? 3. $633.33 4. $990 Refer to the payoff table. Using the minimax regret criterion, which alternative would you choose? 5. $400 6. $850 7. $950 Refer to the payoff table. Using the Laplace criterion, what would be the highest expected payoff? 8. $100 Refer to the payoff table. Using the expected monetary value (EMV) criterion, what is the highest attainable expected profit? Refer to the payoff table. Using the maximax criterion, what would be the highest expected payoff