Question: S Seved Problem 5S-17 (Algo) A manager has compiled estimated costs for various capacity alternatives but is reluctant to assign probabilities to the states of

S Seved Problem 5S-17 (Algo) A manager has compiled estimated costs for various capacity alternatives but is reluctant to assign probabilities to the states of nature. Assuming the values in the payoff table are estimated costs and the goal is to minimize expected costs. 38 STATE OF NATURE #2 $ 269 150 121 87 181 60 Alternative *Cost in thousands a. Is there any alternative that would never be appropriate in terms of minimizing expected cost? 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 of the goal is to minimize expected cost? Choose Alternative A for P(2) c. For what range of P(1) would alternative A be the best choice if the goal is to minimize expected cost? Choose Alternative A for P(81)

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