Question: Todays Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the

Todays Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Todays Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:

Payoffs

Outcomes

Large facility

550,000

-310,000

Medium-sized facility

300,000

-100,000

Small facility

200,000

-32,000

No facility

0

0

  1. Develop an opportunity loss table.
  2. What is the minimax regret decision

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