Question: A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabies to the stars of nature. The payoff table is

A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabies to the stars of nature. The payoff table is as follows: Alternative C STATE OF NATURE #2 $36 160 137 104 111 57 *Profit in $ thousands. Click here for the Excel Data File a. Is there any alternative that would nbver be appropriate in terms of maximizing expected profit? Alternative A Alternative B Alternative C None b. For what range of P (2) would alternative A be the best choice of the goal is to maximize expected pro 47 Is Choose Alternative AP For what range of P(1) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative Air P(#1) is

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