Question: An industrial engineer has developed a payoff table that indicates the payoffs associated with a set of alternatives under two possible states of nature. Guaranntied

An industrial engineer has developed a payoff table that indicates the payoffs associated with a set of alternatives under two possible states of nature.

Guaranntied job Fired

Transfer to a new company $120,000 $20,000

Accept the offer to become director $40,000 $180,000

Tranfer to a company in another town $30,000 $250,000

If the engineer uses maximax as the decision criterion, which of the payofs should she choose?

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