Chapter 4 HW

next three years. Fill in the table below for maximum and minimum profit payoffs under each model. Round your answers to the nearest dollar. nearest dollar. Given the uncertainty associated with the demand volume, and no other information to work with, what decision would you make? The aggressive strategy (maximax) is to choose the The conservative strategy (maximin) is to choose the The opportunity loss strategy is to choose the inter the data only in the yellow cells. Not for commercial use. his template is designed to allow up to 5 decision alternatives and future events. inter names of decision alternatives and future events in the appropriate cells in column A or K and row 7. Probabilities are optional