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.

$\backslash$table$[[,,\backslash$table$[[$STATE$],[$#$1$

C$,$ for what rajge of p$(1)$ would alternative A be the best choice if the goal is to minimize expected cost $?$

Choose alternative A for p $($#$1)$

Option

Greather than $0\mathrm{.}524$

Less than $0\mathrm{.}524$

Greater than $\mathrm{.}485$

Less than $\mathrm{.}485$

Please do all from A to C $.$

Thank you