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Given the following conditional value table: tions rive 55 king Online Coach Course es Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market
Given the following conditional value table: tions rive 55 king Online Coach Course es Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market States of Nature Average Market Unfavorable Market $300,000 $210,000 - $280,000 $160,000 $100,000 $120,000 $70,000 -$15,000 -$8,000 $0 $0 $0 a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be The value of the return under this decision is $ b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be The value of the return under this decision is $ c) Using the decision making under uncertainty with the criterion of Equally Likely The appropriate decision will be The value of the return under this decision is $(enter your answer as a whole number). Enter your answer in each of the answer boxes
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