Question 4 Minimax etc. 29 Points There are two outcomes: a good market and a bad market., The decision table is presented below. There are four alternatives: do nothing, build a small plant, build a medium-size plant, and build a large plant. PAYOFFS Alternatives Good market Do nothing $0 Small Plant $30,000 Medium Plant $100,000 Large Plant $200,000 Outcomes Bad market $0 ($10,000) ($15,000) ($30,000) So you are to workout the Maximax, the Maximin, the Equally likely the Hurwicz based on a .11 probability and the regret using minimax. In words give the answers to these questions: What are your answers under: Best payoff option for maximax Best payoff option for maximin is Best payoff option for equally likely is Best payoff option for Hurwicz is Put a Bold Box around the word Outcomes Keep the Bad Market amounts in Red Ink Make the type style Ariel and Size 12 in Black