Question: Given the following conditional value table, determine the appropriate decision assuming that each stale of nature has an equal likelihood of occurning: begin{tabular}{lccc} & &
Given the following conditional value table, determine the appropriate decision assuming that each stale of nature has an equal likelihood of occurning: \begin{tabular}{lccc} & & & \\ Alternatives & Very Favorable Market & Average Market & Unfavorable Market \\ \hline Large plant & $275,000 & $100,000 & $150,000 \\ Small plant & $200,000 & $60,000 & $10,000 \\ Overtime & $100,000 & $40,000 & $1,000 \\ Do nothing & $0 & $0 & $0 \end{tabular} The appropriate decision is to Which has an EMV =$ (round your response to the nearest whole number) use the large plant use the small plant use overtime do nothing
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