Question: please provide best authentic answer Conditional values related to a decision making problem under uncertainty are given in the table bellow. What would be the

please provide best authentic answer Conditional

please provide best authentic answer Conditional

please provide best authentic answer

Conditional values related to a decision making problem under uncertainty are given in the table bellow. What would be the decision when using one of the following methods: 1. Maximax (optimistic) 2. Maximin (pessimistic) 3. Criterion of realism (Hurwicz) 4. Equally likely (Laplace) 5. Minimax regret ALTERNATIVE FAVORABLE MARKET ($) UNFAVORABLE MARKET Construct a large plant 220,000 -190,000 Construct a small plant 90,000 -30,000 Do nothing 0 0

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