Question: what is b? Given the following conditional value table: Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Markot $300,000 $160,000 $120,000 $0 States

what is b? what is b? Given the following conditional value
Given the following conditional value table: Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Markot $300,000 $160,000 $120,000 $0 States of Nature Average Market $210,000 $100,000 $70,000 SO Unfavorable Market - $280,000 - $15,000 - $8,000 50 a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Bulle new plant The value of the return under this decision is $ 300,000 b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be

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