Should Kaylee go to college or start working right away? She estimates her 10-year gross income for several choices given different possibilities for the state of the economy. Evaluate the payoff table below using the maximin and minimax regret criteria.

Decision Economy improves Steady Declines

Attend 4-year college $270,000 $240,000 $190,000

Attend 2 year college $310,000 $280,000 $230,000

Don't attend college $290,000 $250,000 $220,000