(Solved): 7.- Given the following table of conditions, determine which is the appropriate decision with the ...

7.- Given the following table of conditions, determine which is the appropriate decision with the criteria: a) Maximax b) Maximin c) Equally likely \begin{tabular}{|c|c|c|c|} \hline Alternatives & Favorable Market & Average Market & Unfavorable Market \\ \hline Create a factory & \( \$ 350,000 \) & \( \$ 240,000 \) & \( -\$ 300,000 \) \\ \hline Subcontract & \( \$ 180,000 \) & \( \$ 90,000 \) & \( -\$ 20,000 \) \\ \hline Extra time & \( \$ 110,000 \) & \( \$ 60,000 \) & \( -\$ 10,000 \) \\ \hline None & \( \$ 0 \) & \( \$ 0 \) & \( \$ 0 \) \\ \hline \end{tabular}