The owner of the Columbia construction company must decide between building a house development constructing...

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The owner of the Columbia construction company must decide between building a house development constructing a shopping center and leasing all the company s equipment to another company The profit that will result from each alternative will be determined by whether material costs remain stable or increase The profit from each alternative given the two possibilities for material costs is shown in the following payoff table Material Costs Decision Stable Houses 5 2 Shopping center 9 Leasing 8 Increase 5 4 7 What is the payoff not decision if using the Maximax decision criteria

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The owner of the Columbia construction company must decide between building a house development constructing a shopping center and leasing all the company s equipment to another company The profit that will result from each alternative will be determined by whether material costs remain stable or increase The profit from each alternative given the two possibilities for material costs is shown in the following payoff table Material Costs Decision Stable Houses 5 2 Shopping center 9 Leasing 8 Increase 5 4 7 What is the payoff not decision if using the Maximax decision criteria