8. A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the

availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Investment Gasoline Availability Motel Restaurant Theater Shortage Stable Supply Surplus $-8,000 2,000 6,000 $15,000 8,000 6.000 $20,000 6,000 a. Maximax b. Maximin c. Minimax regret d. Hurwicz (α = .4) e. Equal likelihood 5,000 Determine the best investment, using the following decision criteria.