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A manager has compiled estimat nature The payoff table is as follows Alternative A B...

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Basic Math

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A manager has compiled estimat nature The payoff table is as follows Alternative A B C Profit in thousands Click here for the Excel Data File profits for various capacity STATE OF NATURE 1 2 30 131 105 O Alternative A Alternative B O Alternative C O None 155 98 51 a Is there any alternative that would never be appropriate in terms of maximizing expected profit b For what range of P 2 would alternative A be the best choice if the goal is to maximize expected profit

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