Question: A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated


A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25,0.40, and 0.35 , respectively. high, the small facility is expected to earn $50,000 and can be expanded to medium size to earn $60,000 or to large size to earn $135,000. for a net payoff of $125,000. Which alternative is best according to each of the following decision criterion? (Enter your responses as whole numbers.) A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25,0.40, and 0.35 , respectively. high, the small facility is expected to earn $50,000 and can be expanded to medium size to earn $60,000 or to large size to earn $135,000. for a net payoff of $125,000. Which alternative is best according to each of the following decision criterion? (Enter your responses as whole numbers.)
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