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 #1 #2 $ 31* 155 132 92 106 65 B Alternative *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 O Alternative C 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 P(#2) less than 0.455 greater than 0.455 less than .584 greater than .584 c. For what range of P (1) would alternative A be the best choice if the goal is to minimize expected cost? Choose Alternative A for P(#1) greater than 0.545 less than 0.545 greater than .485 less than 485