Question: Please show all steps to this question. 12:57 vceguide.com CEplus If you Demand for bank services may be high, medium, or low at each of

Please show all steps to this question.

12:57 vceguide.com CEplus If you Demand for bank services may be high, medium, or low at each of these ocations Profits for each location-demand combination are presented in the payoff matrix. 07/22/2017-by Mod GuideK A bank plans to open a branch in one of five locations (labeled L1, L2, L3, L4, L5). Demand for bank services may be high, medium, or low at each of these locations Profits for each location-demand combination are presented in the payoff matrix. Payoff Matrix Location 11_L2_1314L5 High Medium Low US $15 12 US $21 US $17 14 US $26 10 -3 US $29 -2 -6 If the bank uses the minimax regret criterion for selecting the location of the branch. it will select: A. LI B. L2 . L3. D. L5

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