Question: S 1 . 3 . Landloc, a real estate development firm, is considering several alternative development projects. These include building and leasing an office building,

S1.3. Landloc, a real estate development firm, is considering several alternative development projects. These include building and leasing an office building, purchasing a parcel of land and building a parking lot, buying and leasing a warehouse, building a shopping mall, and building and selling condominiums. The financial success of these projects depends on interest rate movement in this next five years. The various development projects and their five-year financial return ($ millions) given that interest rates will decline, remain stable, or increase are shown in the following payoff table.
Determine the best investment using the following decision criteria:
Maximax
Maximin
Equal likelihood
Hurwicz )=(0.3
 S1.3. Landloc, a real estate development firm, is considering several alternative

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