Question: In a profit-oriented decision making problem, there are five decision alternatives that the decision maker can choose (A1, A2, A3, A4 and A5). The decision
In a profit-oriented decision making problem, there are five decision alternatives that the decision maker can choose (A1, A2, A3, A4 and A5). The decision maker calculated the expected revenues for each alternative as 60, 65, 85, 30 and 55, respectively. Which alternative should the decision maker choose based on the information given?
- A. A1
- B. A4
- C. A3
- D. The information given is not enough to make a decision
- E. A5
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