Question: 4 2 A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The payoff

4 2 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 1 A 23 150 Alternative 110 93 c 90 44 *Profit in thousands Click here for the Excel Data Fe as there any ahorative that would never be appropriate in terms of maximizing expected profit? O Aternative A Alternative Alternative None b. For what range of P) would alternative A be the best choice of the goal is to maximize expected prote? 0.000 4 b. For what range of P(2) would alternative A be the best choice if the goal is to maximize expected profit? Domain ARPAN 2 c For what range of Pol would wernative A be the best choice if the goal is to maximize expected prome

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