Question: Need help with Hurwicz and Equally likely payoff table Problem 47. Page 583 (a) MaxiMax and (b) MaxiMin Davofritahis. (a) Value of MaxiMax =105,000. The

Problem 47. Page 583 (a) MaxiMax and (b) MaxiMin Davofritahis. (a) Value of MaxiMax =105,000. The best alternative as decision is; Shopring (enter (b) Value of MaxiMin =40,000. The best alternative as decision is: Houx (c) MiniMax Regret Method. Show your Regret Table here, and the row maximums: Reamet Tahle (show vour calculations): (c) The value of MiniMax regret = 35,000 . The best altemative as decision is: Leas, 5 (d) Hurwice and (e) Eauallv Likelv: (d) Maximum Hurwicz value = The best altemative as decision is: (c) Maximum equally likely average value = The best altemative as decision is
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