I need help with 4, 5 and the DMUU table. Thank you ALTERNATIVESFiVLreason.Portfolio UPortfolio VPortfolioWRecession$25$ 47$50.3Inflation$75$ 70$ 80TES OF NATUREDepressionSTA$0$-5$-15.21. DMUU: What would be the decision accordingto: (1) Maximax (optimism); (2) Maximin (pessímísm); (3) Realism where Alpha - α = .7 (4) Equal Likelihood;and (5) Minimizing Regret? Be sure to show work, indicatethe recommended alternative each time, provide a summary.table_(see below), and support your final statement with aBe sure to show all work, indicate the recommended alternativeeach time, provide a summary table (see below),and support your final statement with a reason. table (see below), and support your final statement with areason.Be sure to show all work, indicate the recommended alternativeeach time, provide a summary table (see below),and support your final statement with a reason.Expected Table Format: See bellowDMUU:Letter/ValueReasonPerfect Optimism:Perfect PessimismOptimismat a=Equal Likelihood:Minimizing Regret:Overall Choice/ Reason:

MInimax regret: Minimax regret: Determine worst regret for each alternative and chose alternate…

Answered: Expected Table Format: See bellow DMUU:…

Expected Table Format: See bellow DMUU: Letter/Value Reason Perfect Optimism: Perfect Pessimism Optimism at a=_____: Equal Likelihood: Minimizing Regret: Overall Choice/ Reason:

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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