question 2 depends on question 1 please help emergency, type neatly

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1. Select the best alternatives given in table below with the following decision making methods. Show all your calculations. (5x5 pts) State of Nature 1 State of Nature 2 State of Nature 3 Alternative 1* digit of your student and digit of your student 319 digit of your student number number number Alternative 4th digit of your student 5th digit of your student 6th digit of your student 2 number number number Alternative 7th digit of your student gth digit of your student 9th digit of your student 3 number number number a) Maximax (Optimistic) b) Maximin (Pessimistic) c) Criterion of realism (Hurwicz) (a +0.7) d) Equally likely (Laplace) e) Minimax (Regret) 2. For the same decision table in Question 1, answer the following questions. Probabilities are accepted to be 0.30, 0.40, and 0.30 for the state of natures, respectively, Show all your calculations. (4x5 pts) a) Which alternative should be selected with Expected Monetary Value approach? b) What is the upper bound you should pay for additional information? c) What is the Expected Value with Perfect Information? d) Which alternative should be selected with Expected Opportunity Loss approach? 1. Select the best alternatives given in table below with the following decision making methods. Show all your calculations. (5x5 pts) State of Nature 1 State of Nature 2 State of Nature 3 Alternative 1* digit of your student and digit of your student 319 digit of your student number number number Alternative 4th digit of your student 5th digit of your student 6th digit of your student 2 number number number Alternative 7th digit of your student gth digit of your student 9th digit of your student 3 number number number a) Maximax (Optimistic) b) Maximin (Pessimistic) c) Criterion of realism (Hurwicz) (a +0.7) d) Equally likely (Laplace) e) Minimax (Regret) 2. For the same decision table in Question 1, answer the following questions. Probabilities are accepted to be 0.30, 0.40, and 0.30 for the state of natures, respectively, Show all your calculations. (4x5 pts) a) Which alternative should be selected with Expected Monetary Value approach? b) What is the upper bound you should pay for additional information? c) What is the Expected Value with Perfect Information? d) Which alternative should be selected with Expected Opportunity Loss approach