Size of first station
For example, if Susan constructs a small station and the market is good, she will realize a profit of.
(a) Develop a decision table for this decision.
(b) What is the maximax decision?
(c) What is the maximin decision?
(d) What is the equally likely decision?
(e) What is the criterion of realism decision? Use a value of
(f) Develop an opportunity loss table.
(g) What is the minimax regret decision?