Question: SECTION III ( 1 0 points ) From the given data; Alternative A 1 table [ [ State of Nature Probability ] , [

SECTION III (10points)
From the given data;
Alternative
A1
\table[[State of Nature Probability],[N1,N2,N3,],[-500,000,300,000,9,300,000,],[0,125,000,1,250,000,]]
A2
Calculate:
a. Maximax
b. Maximin
c. Insufficient reason (Assume that p=0.1)
d. Hurwicz (Assume that =0.2)
 SECTION III (10points) From the given data; Alternative A1 \table[[State of

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