Question: A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states of nature. Answer the

A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states of nature. Answer the following questions.

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table

[[

Alt

.,

1,

2], [1, 8, 4], [2, 2, 10], [3, 6, 12]]

If the manager uses maximin as the decision criterion, what would be the best alternative?

A manager has developed a payoff table that indicates the profits

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