Can you pls help me to answer/solve this with conclusion. Alternative Capacity for New Store New Bridge Built No New Bride A. 1 14 B. 2 10 C. 4 6 Where A= Small B= Medium C= Large 1.Assume the pay offs represents profits. Determine the alternative that would under minimax approach. 2. Assume the pay offs represents profits. Determine the alternative that would be chosen under maximin approach. 3. Assume the pay offs represents the profits. Determine the alternative that would be chosen under maximax approach. 4. Assume the pay offs represents profits. Determine the alternative that would be chosen under laplace approach.
Can you pls help me to answer/solve this with conclusion.
Alternative Capacity for New Store
New Bridge Built No New Bride
A. 1 14
B. 2 10
C. 4 6
Where
A= Small
B= Medium
C= Large
1.Assume the pay offs represents profits. Determine the alternative that would under minimax approach.
2. Assume the pay offs represents profits. Determine the alternative that would be chosen under maximin approach.
3. Assume the pay offs represents the profits. Determine the alternative that would be chosen under maximax approach.
4. Assume the pay offs represents profits. Determine the alternative that would be chosen under laplace approach.