Southland Corporation's decision to produce a new line of recreational products igh. The following payoff table shows
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Southland Corporation's decision to produce a new line of recreational products igh. The following payoff table shows the projected profit in millions of dollars. a What is the decision to be made, and what is the chance event for Southland's problem? The decision is to choose There art i alternatives. The chance event is the market demand for the new product line There are times possible outcomes. b Construct a decision tree. Submit a file with a maximum size of MB No file chosen c Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches.
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