The options are (Small, Mediam, Large, Very large)

Even though independent gasoline stations have been having a difficult time, Ian Langella has been thinking about starting his own independent gasoline station. Ian's problem is to decide how large his station should be. The annual returns will depend on both the size of his station and a number of marketing factors related to the oil industry and demand for gasoline. After a careful analysis, Ian developed the following table: For example, if Ian constructs a small station and the market is good, he will realize a profit of $60,000. This exercise contains only parts b, c, and d. b) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be The value of the return under this decision is $ Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be The value of the return under this decision is $ Using the decision making under uncertainty with the criterion of Equally Likely The appropriate decision will be The value of the return under this decision is $