Question: Question 2: 3 points Today's Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the o components. Phyllis Weinberger, who

 Question 2: 3 points Today's Electronics specializes in manufacturing modern electronic

Question 2: 3 points Today's Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the o components. Phyllis Weinberger, who is responsible for advising the president of Today's Electronics on electronic manufacturing equipment, has developed the following decision table concerning a proposed facility: O Table 1: Decision Table, showing Profits States of Nature Strong Market Fair Market Alternatives ($) ($) Large facility 5,50,000 1,10,000 Medium-sized facility 3,00,000 1,29,000 Small Facility 2,00,000 1,00,000 No Facility 0 0 Poor Market ($) -3,10,000 -1,00,000 -32,000 0 Your Answer Develop an opportunity loss table for Today's a) Electronics. Show your calculations. (2 points) What is the minimax regret decision? Show your b) calculations. (1 point)

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