[All Steps] A local real estate investor in Orlando is considering three alternative investment: a motel, a restaurant, or a theater. Profits from the motel
Question: A local real estate investor in Orlando is considering three alternative investment: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by availability of gasoline and the number of tourists; profit from the theater will be relatively stable under any condition. The following payoff table shows the profit or loss that could result from each investment:
| Investment | Shortage | Stable | Surplus |
| Motel | -$8,000 | $15,000 | $20,000 |
| Restaurant | $2,000 | $8,000 | $6,000 |
| Theater | $6,000 | $6,000 | $5,000 |
Determine the best investment, using the following decision criteria.
- Maximax
- Maximin
- Minimax regret
- Hurwicz
- Equal likelihood
Deliverable: Word Document 
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