Question: U A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The payoff table

U A manager has compiled estimated profits for
U A manager has compiled estimated profits for
U A manager has compiled estimated profits for
U A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The payoff table is as follows STATE OF NATURE 01 2 $329 155 133 100 107 53 Alternative B -Profit in $ thousands Click here for the Excel Data File o. Is there any alternative that would never be appropriate in terms of maximizing expected profit? Alternative A Alternative B Alternative None TO b. For what range of P(2) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative Alf (2) C. For what range of P(1) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative Air P(1) is

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