• • A.17 Given the following conditional value table, determine the appropriate decision assuming that each state of nature has an equal likelihood of occurring:

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STATES OF NATURE VERY FAVORABLE AVERAGE UNFAVORABLE ALTERNATIVES MARKET MARKET MARKET Large plant $275,000 $100,000 -$150,000 Small plant $200,000 $ 60,000 -$ 10,000 Overtime $100,000 $ 40,000 -$ 1,000 Do nothing $ 0 $ 0 $ 0