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

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. If the manager uses minimax regret as the criterion, which alternative would be indicated? Alternative 2 Alternative 1 Alternative 3 None of the above

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