This Question: 10 pts 7 of 13 (4 complete) This Quiz: 70 pts poss Given the foll

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This Question: 10 pts 7 of 13 (4 complete) This Quiz: 70 pts poss Given the following conditional value table States of Nature Very Favorable Average Unfavorable Market Alternatives Build new plant Overtime Market $300,000 $160,000 $120,000 $0 $100,000 $70,000 SO Market -$280,000 $15,000 $8,000 $0 Do Nothing 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 s ) 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, or Enter your answer in each of the answer boxes

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Answer 1:

Part a:

Explanation:

Part b:

Explanation:

Part c:

Explanation:

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