Adecision-maker using the maximin criterion on the problem below would choose alternative because the maximum of the row minimums is states of nature 1 2 3 alternative a 50 55 60 alternative b 30 50 80 alternative c 70 80 70 alternative d -100 -10 140 a) a; 55 b) b; 30 c) c; 70 d) d; 140 e) d; 10

there are no figures how am i supposed to answer this question

step-by-step explanation:

take the logarithm of both sides (the base of the log doesn't matter):

apply the exponent property - this says that :

distribute the log terms on both sides:

group like terms together:

divide through both sides by the coefficient on :

you can do some additional rewriting here using the properties of the logarithm to simplify things if you like: