Question: A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision

A small building contractor has recently

A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision on capacity for next year. Estimated profits under each of the two possible states of nature are as shown in the table below. * Profit in $ thousands. Click here for the Excel Data File Which alternative should be selected if the decision criterion is (Enter your answers in thousands.)

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