Question: The following payoff table provides profits based on various decision alternatives and various levels of demand. What is the MAXIMIN decision? Alternatives States of Nature

The following payoff table provides profits based on various decision alternatives and various levels of demand. What is the MAXIMIN decision?
Alternatives States of Nature (Demand)
High Moderate Low
Build a large facility $80,000 $60,000-20,000
Build a medium facility 70,00050,00010,000
Build a small facility 60,00040,00020,000
Do nothing 000
Group of answer choices
Do nothing
Large facility
Small facility
Medium facility

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