Question: Problem 5S-1 (Static) A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity The contractor must now

Problem 5S-1 (Static) 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 capachy for next year. Estimated profits under each of the two possible states of nature are as shown in the table below. NEXT YEARS Alternative Do nothing Expand Subcontract $50 20 40 High $60 Be 70 -Profit in thousands Click here for the Excel Data File Which alterative should be selected if the decision criterion Is (Enter your answers in thousands.) Piyoff Atomie b Denon Marimax Maximin Laplace Minimax regret d

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