Question: QUESTION 1 15 points Save Answer Given is a decision payoff table. Alternatives Low Small Facility 17 Medium Facility 12 Large Facility 5 Future Demand

QUESTION 1 15 points Save Answer Given is a

QUESTION 1 15 points Save Answer Given is a decision payoff table. Alternatives Low Small Facility 17 Medium Facility 12 Large Facility 5 Future Demand Moderate High 12 13 22 21 15 a) The best decision under uncertainty using MAXIMAX is to select facility b) The best decision under uncertainty using MAXIMIN is select facility c) The best decision under uncertainty using LAPLACE/EQUALITY LIKELY is to select facility d) If the probabilities for Future Demand when it is Low = 0.35, Moderate = 0.30, and High = 0.35, the expected monetary value (EMV) for the large facility = e) If the probabilities for Future Demand when it is Low = 0.35, Moderate = 0.30, and High = 0.35, the best decision under risk is to select facility

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