Question: Edwards Machine Tools needs to purchase a new machine. The basic model is slower but costs less, whereas the advanced model is faster but costs

Edwards Machine Tools needs to purchase a new machine. The basic model is slower but costs less, whereas the advanced model is faster but costs more. Profitability will depend on future demand. The table presents an estimate of profits over the next three years.
The aggressive strategy (maximax) is to choose the ____ model.
The conservative strategy (maximin) is to choose the _____ model.
The opportunity loss strategy is to choose the _____ model.
a. advanced, basic, advanced
b. advanced, basic, basic
c. basic, basic, basic
d. advanced, advanced, basic

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