An investor is consider four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below. Economic Condition Poor Average Good Excellent Investment (S1) (S2) (S3) (S4) ABCD 25 50 75 20 80 15 40 -100 25 300 25 25 2450 30 50 -50 10 25 6. What decision would be made under maximax? 1. O A 2. O B 3. 4. 5. A or D 6. O B or C 7. If the probabilities of each economic condition are 0.5, 0.1, 0.35, and 0.05, respectively, what investment would be made using the expected value criterion? 1. O A 2. B 3. C 4. D 5.O A or B 6. O C or D