please explain

The following is a payoff table giving profits for various situations. Alternatives A B C Alternative 1 120 140 120 Alternative 2 200 100 50 Alternative 3 100 120 180 Do Nothing 0 0 0 What decision would be made using the maximin criterion? Alternative 3 Alternative 1 O Alternative 2 Do Nothing The following is a payoff table giving profits for various situations. Alternatives A 00 Alternative 1 120 140 120 Alternative 2 200 100 50 Alternative 3 100 120 180 Do Nothing 0 0 0 If the decision maker was a 30% pessimist and they used that propensity to make this decision, what alternative would be chosen because of what value? Alternative 1 120 Alternative 2 155 Alternative 3 156 Alternative 1 134 The following is a payoff table giving profits for various situations. Alternatives A B Alternative 1 120 140 120 Alternative 2 200 100 50 Alternative 3 100 120 180 Do Nothing 0 0 0 A recent forecast showed a 40% likelihood of A, a 10% likelihood of B, and a 50% likelihood of C. Based on this additional information which alternative should be chosen? Alternative 1 Alternative 3 Do Nothing Alternative 2 Unclear The following is a payoff table giving profits for various situations. Alternatives A B Alternative 1 120 140 120 Alternative 2 200 100 50 Alternative 3 00 120 180 Do Nothing 0 0 0 A recent forecast showed a 40% likelihood of A, a 10% likelihood of B, and a 50% likelihood of C. What is the expected opportunity loss for Alternative 2? 52 122 115 42 69 The following is a payoff table giving profits for various situations. Alternatives B Alternative 1 120 140 120 Alternative 2 200 100 50 Alternative 3 100 120 180 Do Nothing 0 0 0 A recent forecast showed a 40% likelihood of A, a 10% likelihood of B, and a 50% likelihood of C. Which alternative has an expected opportunity loss value of 62? Alternative 1 None of the choices are correct Alternative 3 Alternative 2 Do Nothing The following is a payoff table giving profits for various situations. Alternatives A B. Alternative 1 120 140 120 Alternative 2 200 100 50 Alternative 3 100 120 180 Do Nothing 0 0 0 A recent forecast showed a 40% likelihood of A, a 10% likelihood of B, and a 50% likelihood of C. This problem has how many states of nature? 1 4 2 3