Question: Please help with Part D thank you! Which alternative is best, according to each of the following decision criteria? a . The best decision according
Please help with Part D thank you! Which alternative is best, according to each of the following decision criteria? a The best decision according to maximin criterion is alternative and the payoff for this decision is $ Enter your response as an integer. b The best decision according to maximax criterion is alternative and the payoff for this decision is $ Enter your response as an integer. c The best decision according to laplace criterion is alternative and the weighted payoff for this decision is $ Enter your response as an integer. d The best decision according to minimax regret criterion is alternative and the minimum maximum regret for this decision is : Enter your response as an integer.BuildRite Construction has received favorable publicity from guest appearances on a public TV home improvement
program. Public TV programming decisions seem to be unpredictable, so BuildRite cannot estimate the probability of
continued benefits from its relationship with the show. Demand for home improvements next year may be either low or
high. But BuildRite must decide now whether to hire more employees, do nothing, or develop subcontracts with other
home improvement contractors. BuildRite has developed the following payoff table:
Which alternative is best, according to each of the following decision criteria?
a The best decision according to maximin criterion is alternative
and the payoff for this decision is
$Enter your response as an integer.
b The best decision according to maximax criterion is alternative
and the payoff for this decision is
$ Enter your response as an integer.
c The best decision according to laplace criterion is alternative Subcontract and the weighted payoff for this decision
is $Enter your response as an integer.
d The best decision according to minimax regret criterion is alternative
and the minimum maximum
regret for this decision is $
Enter your response as an integer.
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