Given is a decision payoff table. Answer all questions below. Future Demand Alternatives Low Moderate High...

Given is a decision payoff table. Answer all questions below. Future Demand Alternatives Low Moderate High Small Facility 52 42 43 Medium Facility 50 49 49 Large Facility -15 38 51 a) The best payoff for small facility is = b) The worst payoff for medium facility is = c) The average payoff for large facility is = (in 2 decimal places) d) The worst regrets for small facility is = e) The worst regrests for medium facility is = f) The best decision by using OPTIMISTIC is to select the facility g) The best decision by using CONSERVATIVE is to select the facility h) The best decision by using LAPLACE/EQUALITY LIKELY is to select the facility i) The best decision by using MINIMAX REGRET is to select the facility

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ekkarill92 answered 10 months ago

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