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2. You are planning to invest in one of four development projects (a-d). For each of the projects, there are four possible futures that have
2. You are planning to invest in one of four development projects (a-d). For each of the projects, there are four possible futures that have a different return on the investment, as shown in the table below.
I just need to see the method of e-g
e) Maximin (8 pts.) f) Maximax (8 pts.) g) Hurwicz criteria, with values of (you may use a figure if you like, but please include calculations): a. 0.25 (4 pts.) b. 0.5 (4 pts.) c. 0.75 (4 pts.)
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| Probability | |||
|
| 0.15 | 0.2 | 0.3 | 0.35 |
Project | a | -200 | 0 | 150 | 500 |
b | 800 | 100 | -100 | 200 | |
c | 200 | 100 | 500 | -50 | |
d | 200 | 400 | 100 | 100 |
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