Question: A manager has compiled estimated profits for various capacity nature. The payoff table is as follows: STATE OF NATURE #1 #2 A $ 30*

A manager has compiled estimated profits for various capacity nature. The payoff

A manager has compiled estimated profits for various capacity nature. The payoff table is as follows: STATE OF NATURE #1 #2 A $ 30* 155 Alternative B 131 98 C 105 51 "Profit in $ thousands. Click here for the Excel Data File a. Is there any alternative that would never be appropriate in terms of maximizing expected profit? O Alternative A O Alternative B Alternative C O None b. For what range of P (2) would alternative A be the best choice if the goal is to maximize expected profit?

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