1. The research department of Hindustan Lever has recommended the marketing department to launch a shampoo of three different types. The marketing manager has to decide one of the types of shampoo to be launched under the following estimated pay-offs (in millions of Rs) for various levels of sales:

What will be the marketing manager's decision if

(a) Maximin,

(b) Maximax,

(c) Laplace, and (d)
Regret criterion is applied?

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Estimated level of sale (Units) Type of Shampoo 15,000 10,000 5,000 Egg shampoo 30 10 10 Clinic shampoo 40 15 5 Deluxe shampoo 55 20 3