Question

1. Create a decision table for the four alternatives. 2. Evaluate the decision using expected value. What is the best decision? 3. Evaluate the decision using maximax, maximin, and equally likely. What is the best decision under each criterion?

Answer 1

Explanation:

a decision table for the four alternatives. 2. Evaluate the decision using expected value. What is the best decision? 3. Evaluate the decision using maximax, maximin, and equally likely. What is the best decision under each criterion.

Answer 2

Explanation:

decision table for alternative and equally criticization