A manager has compiled estimated costs for various capacity alternative but is reluctant to assign probabilities to the states of retur. Assuming the values in the payoff table are estimated costs and the goal is to minimize expected costs. STATE GRATURE A Alternative $ 35 136 110 12 160 96 69 "Cost in $thousands a. Is there any alternative that would never be appropriate in terms of minimizing expected cost? O Alternative A O Alternative B Alternative None b. For what range of P (2) would alternative A be the best choice if the goal is to minimize expected cost? Choose Atemave A for P2 A manager has compiled estimated costs for various capacity alternatives but is reluctant to assign probabilities to the states of nature. Assuming the values in the payoff table are estimated costs and the goal is to minimize expected costs. STATE OF NATURE 11 22 $ 200 120 80 100 140 A B Alternative Cost In $ thousands a. Is there any alternative that would never be appropriate in terms of minimizing expected cost? O Alternative A Alternative B O Alternative O None b. For what range of P(2) would alternative A be the best choice if the goal is to minimize expected cost? Choose Alternative A for P2)