Question: This is a multipart question: a) Using the decision making under uncertainty with the criterion of MaximaxLOADING... The appropriate decision will be The value of

This is a multipart question: a) Using the

This is a multipart question:

a) Using the decision making under uncertainty with the criterion of MaximaxLOADING... The appropriate decision will be

The value of the return under this decision is $

b) Using the decision making under uncertainty with the criterion of MaximinLOADING... The appropriate decision will be

The value of the return under this decision is $

c) Using the decision making under uncertainty with the criterion of Equally LikelyLOADING... The appropriate decision will be

The value of the return under this decision is $

= Homework HW Score: 17.78%, 2.67 of 15 points Points: 0.67 of 1 Save Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market $250,000 $270,000 $100,000 $0 States of Nature Average Market $180,000 $185,000 $50,000 $0 Unfavorable Market - $200,000 - $220,000 -$12,000 $0 a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Subcontract The value of the return under this decision is $

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