Problem 3: Decision Analysis Charles is considering three investment options for a small inheritance that he has just received - stocks, bonds, and money markets. The return of his investment depends on the performance of the economy, which can be strong, average, or weak. The returns for each possible combination are shown in the following table: a. Which investment should Charles choose if he uses Maximax criterion? b. Which investment should Charles choose if he uses maximin criterion? c. Which investment should Charles choose if he uses equally likely criterion? d. Which investment should Charles choose if he uses the criterion of realism with alpha =0.5 ? e. Which investment should Charles choose if he uses minimax regret criterion? f. Using EMVs, which option should Charles choose? What is the maximum EMV? g. Using EOL, which option should Charles choose? What is the minimum EOL? h. Compute the EVPI and show that it is the same as the minimum EOL