3. Build-Rite Construction has received favorable publicity from guest appearances on a public TV home improvement program. Public TV programming decisions seem to be unpredictable, so Build-Rite can't estimate the probability of continued benefits from its relationship with the show. Demand for home improvements next year may be either low or high. But Build-Rite must decide now whether to hire more employees, do nothing, or develop subcontracts with other home improvement contractors. Build-Rite has developed the following payoff table. Which alternative is best, according to each of the following decision criteria? a. Maximin b. Maximax Demand for Home Improvements Alhernalive LOW Moderale High c. Laplace d. Minimax regret Hire Subcontzact Do nothing (5250.000) $100.000 G100,000 s025.000 $415.000 300.000 S150.000

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