Question: Table represents Profit Contribution DEMAND Strong Weak Full Price $955 -$123 Discount $822 $259 If nothing is known about the probabilities of the chance outcomes,

Table represents Profit Contribution

DEMAND

Strong Weak

Full Price $955 -$123

Discount $822 $259

If nothing is known about the probabilities of the chance outcomes, what is the recommended decision using the maximax (optimistic) approach and the maximin (conservative approach)? Show your work step by step to each answer.

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