Question: The following information refers to five questions. Table 2. A company that is introducing a new product has to choose between four different manufacturing methods,
The following information refers to five questions.
Table 2. A company that is introducing a new product has to choose between four different manufacturing methods, referred to as methods A, B, C, and D. Depending on the demand for the product, they have forecasted different levels of revenue for the year (values are in thousands). The company has identified three possible states of nature for economic growth, and named them High, Medium, and Low.
| High | Medium | Low | |
| Method A | $30 | $40 | $20 |
| Method B | $10 | $30 | $60 |
| Method C | $20 | $50 | $120 |
| Method D | $90 | $60 | $30 |
Using the information in Table 2, which alternative is best in accordance with a decision criterion of Minimax regret?
Group of answer choices
Method A
Method B
Method C
Method D
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