Table 1: Payoff table for design selection decision Alternatives State of Nature 0, 0, 0, a 100 60 10 a, 40 90 a, 35 150 30 50 130 45 Probability 0.5 0.2 0.3 25 a c) Analyze the table under UNCERTAINTY and state the three likely decisions, which is dependent on ones orientation (pessimist, optimist and likely). (7 Marks) d) Some decisions are made under risk, analyze table one (1), considering the risk involved, and make a decision that is aimed at providing maximum benefit