Question: Given the following conditional value table: Alternatives Build new plant Subcontract Overtime na Nathing Very Favorable Market $300,000 $160,000 $120,000 en States of Nature Average

Given the following conditional value table:
Given the following conditional value table:
Given the following conditional value table: Alternatives Build new plant Subcontract Overtime na Nathing Very Favorable Market $300,000 $160,000 $120,000 en States of Nature Average Market $210,000 $100,000 $70,000 sn Unfavorable Market -$280,000 - $15,000 $8,000 en Click to select your answer(s) and then click Check Answer Homework: Module 2B (Module A) Homework Score: 3.33 of 10 pts 1 of 12 (12 complete) HL Problem A.1 a) Using the decision making under uncertainty with the criterion of Maximax he The appropriate decision will be Build new plant The value of the return under this decision is $ 300,000 b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be Click to select your answer(s) and then click Check Answer parts Clear All

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