Question: VI . ( 2 4 pts in total ) John is considering investing $ 7 , 0 0 0 to somewhere. He will choose one

VI.(24 pts in total) John is considering investing $ 7,000 to somewhere. He will choose one from three alternatives, A, B, and C. The payoff after one year depends on development of economy (unfavorable, so-so, and favorable). The estimated payoffs are as follows: (a)(4 pts) Make decision for John by using MaxiMax Method (Show your calculations in the table below) The best alternative is: , with the value of MaxMax =(b)(4 pts) Make decision for John by using MaxiMin Method (Show your calculations in the tahla halnwi The best alternative is: , with the value of MaxiMin =(C) pts) Make decision for John by using Minimax Regret Method (Construct the regret table first, show your calculations down here) Pavaff Tahto. Regret Table: (show your calculations) The best alternative is: , with the value of MiniMax regret =(d)(5 pts) Make decision by using Hurwicz Method with \alpha =0.4.(Show your calculations in the table below) The best alternative is: with the Hurwicz value =(e)(4 pts) Make decision by using Equally Likelihood Method. (Show your calculations in the table below. Keep 2 digits after the decimal point.) The best alternative is: with the value of equally likely average =

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