Question: please explain HOW to get 9(the anwser) i converted it to thousands-- but i got 59 but obviously that wasnt anywhere close to the correct
please explain HOW to get 9(the anwser) i converted it to thousands-- but i got 59 but obviously that wasnt anywhere close to the correct answer
0/2 pts Question 4 A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision on capacity for next year. The capacity alternatives are Do Nothing, Expand, and Subcontract. Estimated profits (in thousands) under each of the two possible states of nature (Low Demand, High Demand) are shown in the table below. Using the minimax regret decision criteria, what is the minimum maximum regret (in thousands) Low Demand High Demand 59 47 Alternatives: Do Nothing Expand Subcontract 16 76 38 71 You Answered 59,000 Correct Answer 9 margin of error -/0.001
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