Question: 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

A manager has compiled estimated costs for

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. 'Cost in $ thousands. a. Is there any alternative that would never be appropriate in terms of minimizing expected cost? Altemative A Alternative B Alternative C None b. For what range of P(2) would alternative A be the best choice if the goal is to minimize expected cost? c. For what range of P(1) would alternative A be the best choice if the goal is to minimize expected cost

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