Question: Use the basic decision table below to calculate the payouts and decisions for: a. Maximax b. Maximin c. Equally likely d. Realism at 20% Market:

Use the basic decision table below to calculate the payouts and decisions for: a. Maximax b. Maximin c. Equally likely d. Realism at 20% Market: expansion Market: contraction Alternative 1: 600,000 -150,000 Alternative 2: 450,000 -200,000 9.

Develop an opportunity loss table for problem #8 and calculate Minimax Regret.

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