Answer Happy

An investor is considering 4 investments, A, B, C and D. The
payoff from each investment is a function of the economic climate
over the next 2 years. The economy can expand or decline. The
following profit payoff matrix has been developed for the decision
problem.
I. Refer to the above payoff table. What decision should be made
according to the maximax decision rule criteria?
II. Refer to the above payoff table. What decision should be
made according to the maximin decision rule
criteria?
Just need top two questions answered please! Refer to image

QUESTIONS The following questions are based on the information below. An investor is considering 4 investments, A, B, C and D. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following profit payoff matrix has been developed for the decision problem. Poft Pe Mar levert A Feney Fconce Decline Expand 0 >> C D In the provided blank, insert the letter that corresponds with the correct answer. For example, if the correct answer is". 2.5", insert "S' as the correct answer 1. Refer to the above payoff table. What decision should be made according to the maximax decision rule criteria? a. A None of the above II. Refer to the above payaff table. What decision should be made according to the maxinin decision rule criteria? d. . None of the above III. Refer to the above payaff table. What decision should be made according to the minimax regret decision rule criteria? a. A be d. . None of the above IV. Refer to the above payoff table. If the probabilities that the economy decline ar expand are 0.6 and 0.4 respectively. What is the expected value of perfect information equal to? 1.9 L. 11 d. 16 . None of the above