Question: please make clear the steps and give the solutions Use the following to answer the questions below. A company that is introducing a new product

please make clear the steps and give the solutions

Use the following to answer the questions below. A company that is introducing a new product has to choose between four different manufacturing methods, referred to as methods A, B, C and D. Depending on the demand for the product, they forecast different levels of expenses for the year (values are in thousands). The company has identified three possible states of nature for economic growth, and named them High, Medium, and Low. High Medium Low Best Revenue Method A $450 $670 $780 450 4 Method B $950 $320 $200 2000 4 min max - /se Method C $375 $575 $775 375 Method D $800 $400 $300 300 maxmin Using the information in Table A.2, which alternative is best in accordance with a pessimistic outlook? S 7 S (+ Cost

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