Hardie Lord, Helen Murvis's boss, is not convinced that Helen used the correct decision technique. Hardie believes that Helen should use a coefficient of realism of 0.75 in determining the best alternative. Hardie thinks of himself as a realist.
(a) Develop a decision table for this problem.
(b) Using the criterion of realism, what is the best decision?
(c) Did Hardie's decision technique result in a decision that was different from Helen's?