Question: projects and their four-year financial returns (in RM millions) under three states of nature are given in table below. Project State of nature, Returns (RM

projects and their four-year financial returns (in RM millions) under three states of nature are given in table below. Project State of nature, Returns (RM in millions) Mall 13 Condominium 35 15 10 Determine the investment using each of the following decision criteria. a) Maximax criterion b) Maxiniin criterion 0) Criterion of realism with k = 0.4 d) Laplace's equally likely criterion e) Minimax regret criterion

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