Question: Show complete solution 2. A decision maker is faced with alternatives b1, b2, b3, b4, b5. In case he decides, the following states of nature
Show complete solution

2. A decision maker is faced with alternatives b1, b2, b3, b4, b5. In case he decides, the following states of nature can occur - N1, N2, N3, N4, N5 and N6. The profit table is shown below: N1 N2 N3 N4 N5 N6 b1 20 56 84 12 8 35 b2 43 21 46 29 19 24 b3 10 65 47 21 62 20 b4 55 10 27 49 33 50 b5 31 68 51 36 48 23 Devise a solution for the problem under each of the four criteria of decisions under uncertainty
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