Question: Problem 5S-16 (Algo) A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The

Problem 5S-16 (Algo) A manager has compiled

Problem 5S-16 (Algo) A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The payoff table is as follows: A B STATE OF NATURE #1 #2 $ 20+ 149 115 88 97 41 Alternative *Profit in $ thousands. Click here for the Excel Data File a. Is there any alternative that would never be appropriate in terms of maximizing expected profit? O Alternative A O Alternative B O Alternative C O None b. For what range of P (2) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative A if P(#2) is C. For what range of P (1) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative A if P(#1) is

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