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

Need help with Hurwicz and Equally likely payoff table  Need help with Hurwicz and Equally likely payoff table Problem 47.
Page 583 (a) MaxiMax and (b) MaxiMin Davofritahis. (a) Value of MaxiMax

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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