Question (1): a- Discuss the differences among decision making under certainty, decision making under risk, and decision making under uncertainty. b- Drink Investment incorporated is investing money in stocks of companies producing drinks. It plans to invest 2 shares and 1 Government bond and wants to maximize the annual return of the portfolio. State the name of the application that should be used in the previous case. ( ___________________ ) Question (2): Based on what you have studied decision analysis theory, solve the following problem: (10 marks) State of Nature Alternatives Favorable Unfavorable Construct Large firm 400 000 - 380 000 Construct Small firm 200 000 - 40 000 Do nothing 0 0 Probabilities 0.5 0.5 From the table above solve the following questions: a) What is the criterion of realism? Use value of 0.8(4 Marks) b) Develop an opportunity loss table and determine the mini-max regret decision. (4 Marks) c) Find the Expected Monetary value under risk with probability(0.5). (2 marks)