ME3900 NAME: Problem: (show every step of your solution) The following payoff table shows net dollar returns based on 4 possible Decisions: 1,2,3, and 4 and also on 4 possible State of the Economy: A, B, C, and D. State of Economy Decision A B C 22 25 12 27 25 30 24 16 25 25 28 20 29 28 37 2 4 3 32 D Sut -> 91 -> 106 >> 94 . -> overage. 25 4 gue the highest below avnaa. 1) What would the be 3 3) What would the decision be for Maximax? Explain - decision by the most het dollen redures. the decision be for Explain above mege bove decision is the minimen

Problem: (show every step of your solution) NAME: The following payof table shows net dollar retums based on 4 possible Decisions: 1,2,3, and 4 and also on 4 possible State of the Economy: A, B, C and n ? arerge:4405=101.25 1) What would the decision be for Maximin? Explain Dehwie- 394x the hifest belw whod