Doreen is considering investing in one of three alternatives investments plans A, B and C under uncertain economic conditions. The payoff matrix for this decision situation is

	Economic Conditions
Alternatives	1	2	3
A	$5,000	$7,000	$3,000
B	-2,000	10,000	6,000
C	4,000	4,000	4,000

Determine the best investment plan using each of the following criteria: (2 marks each)

a. Laplace

b. Maximin

c. Maximax

d. Huricz ( = 0.3)

e. Regret (minimax)