Question: Please show work. c. 12.5 d.. 100 Hext five questions (1-5) are based on the following information (3 pts each) e. None of the above

Please show work. Please show work. c. 12.5 d.. 100 Hext five

c. 12.5 d.. 100 Hext five questions (1-5) are based on the following information (3 pts each) e. None of the above State of Nature High (0.3) Moderate (0.5) Low (0.2) Small facility $80,000 $60,000 Alternative Medium facility (-$10,000) 60,000 40,000 30,000 Large facility 70,000 50,000 20,000 01. The choice for the MAXIMIN criterion (i.e. final decision-making) would be (2 pts.) a. Small b. Medium c. Large d . High e. Low 1$30,000 2. The choice for the MINIMAX criterion (i.e.. final decision-making) would be (3 pts.) a. Smallb b. Medium c. Large d. High e. $80,000 3. If P(High=0.3; Moderate 0.5; Low=0.2), the choice for the maximum expected value (EMV) criterion would be (3 pts.): a. Small b. Medium C. Large d . High e. Moderate f. None of the above 4. The value of EPPI (or EVwPI) would be (3 pts.): a. $ 60,000 b. $55,000 c. $52,000 d. $45,000 e. $ 29,000 F. None of the above 5. The value of EVPI would be (2 pts.): a. $8,000 b. $10,000 c$ 12,000 d. $14,000 e. None of the above

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