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			#2
	A	$	24	*	150
Alternative	B		119		92
	C		99		45

*Profit in $ thousands. b. Is there any alternative that would never be appropriate in terms of maximizing expected profit?

multiple choice 1

• Alternative A

• Alternative B

• Alternative C

• None

c. For what range of P (2) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative A if P(#2) is (Click to select) greater than .621 less than .700 less than .621 greater than .700 . d. For what range of P (1) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative A if P(#1) is (Click to select) greater than .379 greater than .25 less than .25 less than .379 .