Question: I am confused with this problem. Please help :) QUESTION 11 Use the following Payoff Table to answer questions (Q2-1 to 02-6). . SI S2
I am confused with this problem. Please help :)
QUESTION 11 Use the following Payoff Table to answer questions (Q2-1 to 02-6). . SI S2 S3 54 SS Buy 0 Unit 0 0 Buy I U -7 70 NN 6 Buy 2 Units -27 69/ 51 34 Buy 3 62/33/34 - 84 274 Units Probability 0.2 04 0.1 0.1 0.2 What is the optimal decision if the manager is optimistic (Maximax)? Buy 0 units Buy 1 units Buy 2 units Buy 3 units
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