SIE 321 Probabilistic Models in OR Quiz 2 Name Each season, farmer Mccoy can plant corn, wheat, soybeans, or use the land for grazing. The payoffs associated with the different actions are influenced by the amount of rain: heavy rainfall, moderate rainfall, light rainfall, or drought season, each type of season being equally likely. The payoff matrix (in thousands of dollars) is estimated as Heavy rain Moderate rain Light rain Drought Corn -10 50 30 10 Wheat 20 60 35 -100 Soybeans -50 100 45 -10 Grazing 20 10 15 -10 Develop a course of action for Mccoy using: (a) [30%] Maximin criterion: (b) [35%] Expected payoff criterion