Question: Insert bject Replace Select all Editing ed improperly. Q1: (5 Marks) Suppose the following table represents the profits of the 3 menu items in the
Insert bject Replace Select all Editing ed improperly. Q1: (5 Marks) Suppose the following table represents the profits of the 3 menu items in the 18 restaurants after a week of test marketing. Item1 Item2 Item3 Low Demand 22 52 16 Mid-Low Demand 42 33 24 Mid Demand 44 08 19 Mid-High Demand 52 47 18 High Demand 77 65 65 25 Use the decision table in windows QM to find the following The best decision for an optimistic manager The best decision for a pessimistic manager Based on HURWICZ criterion supposing that @ 0.6 The decision with minimum worst potential regret
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