Abusiness has three criteria. The condition payoffs for each event are:

STate of nature

Condition payoffs

A B C D

Decision X 8 0 -10 6

Alternatives Y -4 12 18 -2

Z 14 6 0 8

Ddetermine which decision alternatives the business should adopt the

1.maximin criterion

2.maximax criterion

3.hurwiez criterion his degree of optimism being 0.7

4.lapse criterion

5.minimax regret criterion