problem Two 15 points) in the following cost matris table, represents decision variables and Sropresent states of nature 5 5 5 d; S 15 8 15 di 4 12 12 10 d, 6 10 12 16 10 de 9 20 12 a) Using each of the below criterion what would be the sternative selected and lowest expected? 1) Pessimistic Approach 2) Realism (Hurwick criterion) with an alphe value of 0.3 3) Minmax rerret Approach b) Suppose the decision- maker assigns the probability for 5 = 0.10, 530.25; 5,-0.45; and Se=0.20, whid decision variable would be picked using the expected value criterion? 1) What is the EMV of each alternative and which one to select? 2) What is the EVwPland EVPI? 3) Construct the EOL table. What is the EOL for each alternative and which one to select? 4) Verify that the minimum EOL is equal to EVPI