Question: Please solve this problem according to decision making course and if you use excel i would like to have screen photos of excel resaults 4)
Please solve this problem according to decision making course and if you use excel i would like to have screen photos of excel resaults
4) TheBlueSoxAmericanLeaguebaseballteamisgoingtoenterthefreeagentmarketo verthewinterto sign a new starting pitcher. They are considering five prospects who will enter the free-agent market. All five pitchers are in their mid-20s, have been in the major leagues for approximately 5 years, and have been relatively successful. The team's general manager has compiled a lot of information about the pitchers from scouting reports and their playing histories since high school. He has developed a chart projecting how many wins each pitcher will likely have during the next 10 years, given three possible future states of nature: the pitchers will be relatively injury free, they shown in the following payoff table: Determine the best pitcher to sign, using the following decision criteria: a. Maximax b. Maximin c. Equal likelihood d. Hurwicz 1a=.352
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