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You are planning your wedding day and need to decide this week whether the reception will be outdoors, outdoors with a tent, or indoors. Your

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You are planning your wedding day and need to decide this week whether the reception will be outdoors, outdoors with a tent, or indoors. Your level of satisfaction will be affected by the weather on the day of the reception. It will either be sumy, cloudy, or rainy. The table below summarizes your level of satisfaction for the various combinations on a scale of 1-10(1-least satisfied and 10 - most satisfied). Aternative Sunny Cloudy Rainy Outdoor Outdoor with Tent Indoor 27. Using Maximax, which alternative would you choose? a Outdoor b. Outdoor with a tent e Indoor 28. Using Maximin, which alternative would you choose! Outdoor bu Outdoor with a tent e Indoor 29. Using Equally Likely, which alternative would you choose a Outdoor b. Outdoor with a lent di Indoor 30. If it is determined that there's a 20% chance of sunny, 30% chance of cloudy, and 50% chance of rainy, what is the highest expected value among the 3 alternatives? a. 6.1 b. 5.8 c. 5.1 d. 6.8

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