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Consider the following profit decision table. Which alternative should be selected using the maximax criterion? States of Nature S1 S2 S3 140 50 -30 Alternatives

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Consider the following profit decision table. Which alternative should be selected using the maximax criterion? States of Nature S1 S2 S3 140 50 -30 Alternatives Alternative 1 Alternative 2 Alternative 3 Alternative 4 300 60 -160 250 150 3:40 -80 130 -115 Select one: A. Alternative 3 B. Alternative 4 C. Alternative 2 D. Alternative 1

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