Problem 5S-16 (Algo) A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilmes to the states of nature. The payoff table is as follows A STATE OF NATURE 22 5 36 160 137 184 111 57 Alternative c "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 Alternative B Alternative O None b. For what range of P(2) would alternative A be the best choice of the goal is to maximize expected profit? Choose Alternative AP2 A manager has compiled estimated profits for varlous capacity alternatives but is reluctant to assign probabilitues to the states of nature. The payoff table is as follows: STATE OF A 2 148 se de $ 200 120 100 Alternative C -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 Alternative B O Alternative O None b. For what range of R2) would alternative A be the best choice of the goal is to maximize expected profit? Choose Alternative Alt (2)