Dape Corporation on East Pythian Street near the Copper Tennis Complex in Springfield, Missouri, is considering three different options for a brick-andmortar location for its very successful online tennis store. Dape has narrowed the options to four, including a do-nothing one. However, the market is very volatile; hence, each option has four possible states of nature, as shown in the following table below: 

(a) What is the maximax decision? 

(b) What is the maximin decision? 

(c) What is the equally likely decision? 

(d) What is the criterion of realism decision? Use an α value of 0.75. 

(e) What is the minimax regret decision?

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STORE SIZE Small Medium Large Do nothing GOOD MARKET 30,000 50,000 70,000 40,000 FAIR MARKET POOR MARKET DISMAL MARKET 40,000 -15, 000 40,000 -25,000 50,000 -25,000 -35,000 10,000 -10,000 -20,000 10,000 0