Question: Given the following conditional value table, determine the appropriate decision assuming that each state of nature has an equal likelihood of occurring: Alternatives Large plant

Given the following conditional value table,

Given the following conditional value table, determine the appropriate decision assuming that each state of nature has an equal likelihood of occurring: Alternatives Large plant Small plant Overtime Do nothing Very Favorable Market $275,000 $200,000 $100,000 $0 States of Nature Average Market $100,000 $60,000 $40,000 $0 Unfavorable Market - $150,000 - $10,000 - $1,000 $0 The appropriate decision is to which has an EMV = $ (round your response to the nearest whole number)

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