30 A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The payoff table is as follows: STATE OF NATURE #L #2 A $36 160 Alternative D 137 111 104 57 "Profit in $ thousands. Click here for the Excel Data File a. Is there any alternative that would never be appropriate in terms of maximizing expected profit? Alternative A Alternative B O Alternative C O None b. For what range of P(2) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative A if P(#2) is C For what range of P(T) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative Af Pet) is