Question: 1. Given the following conditional value table, determine the appropriate decision under uncertain using Minimax Regret. State of Nature Favorable Average Unfavorable Alternatives Market Market

1. Given the following conditional value table, determine the appropriate decision under uncertain using Minimax Regret. State of Nature Favorable Average Unfavorable Alternatives Market Market Market Build new plant $350,000 $240,000 -$300,000 Subcontract $180,000 $90,000 -$20,000 Overtime $110,000 $60,000 -$10,000 Do nothing $0 $0 $0

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