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1. Hank is an intelligent student and usually makes good grades, provided that he can review the course material the night before the test. For
1. Hank is an intelligent student and usually makes good grades, provided that he can review the course material the night before the test. For tomorrow's test, Hank is faced with a small problem: His fraternity brothers are having an all-night party in which he would like to participate. Hank has three options: a1 = Party all night a2 Divide the night equally between studying and partying a3 = Study all night Tomorrow's exam can be easy (31), moderate (52), or tough (33), depending on the professor's unpredictable mood. Hank anticipates the following scores (high is better): Recommend a course of action for Hank based on each of the four criteria of decisions under uncertainty (laplace, minimax/maximin, savage, hurwicz). Assume alpha = 7/10 for the Hurwicz decision
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