A new small manufacturing company, which produces toys, has to decide whether it wants to distribute its
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A new small manufacturing company, which produces toys, has to decide whether it wants to distribute its products through a wholesale distributor, go directly to department stores, or go strictly online. The following table shows revenue results for each condition.
| Distribution Network | Good Economy | Fair Economy | Poor Economy |
| Wholesale | $75 m | $50 m | $30 m |
| Department Stores | $83 m | $40 m | $2 m |
| Online | $180 m | $60 m | -$120 m |
| Probability | 0.30 | 0.50 | 0.20 |
a. Find the Maximax, Maximin, and Equally likely. Must show all work and calculations in tabular Excel format.
b. Find the Minimax regret decision. Use Tabular Excel format.
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