Question: Question 16 4 pts The operations manager for a local bus company wants to decide whether he should purchase a small, medium or large new

Question 16 4 pts The operations manager for a
Question 16 4 pts The operations manager for a local bus company wants to decide whether he should purchase a small, medium or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows: Bus DEMAND LOW MEDIUM HIGH Small 50 60 70 Medium 80 Large 20 120 40 If he uses the Laplace criterion, which size bus will he decide to purchase? medium small either small or medium large either medium or large

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