Question: An executive has developed a payoff table that indicates the profits associated with a set of alternatives under three possible states of nature. Alternatives 1

An executive has developed a payoff table that

An executive has developed a payoff table that indicates the profits associated with a set of alternatives under three possible states of nature. Alternatives 1 State of Nature X2 X3 8 6 9 8 7 X1 10 -2 8 1 2 If the manager uses Hurwicz Criterion (a =0.3) as the decision criterion, which of the alternatives would he choose

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