1 50 MARKS A manufacturing company, Xylene has developed three new products namely, Tripes, Mortin and Quantine. Demand for the new products has four classifications: poor, fair, good, and excellent. The table below indicates the payoffs (profits) associated with each product/demand combination. Xylene needs know the best product to introduce to the market. New Products TRIPEX MORTIN QUANTINE POOR FAIR $ 200,000 $ 100,000 $1,000,000 $1,000,000 $ 300,000 $500,000 GOOD $1,200,000 $ 700,000 $500,000 EXCELLENT $1,300,000 $ 800,000 $2,000,000 PARTI -25 Marks a) if Xylene is optimistic which is the product of choice b) if the company is pessimistic which product should they choose c) To minimise their opportunity loss which product should Xylene choose d) if Xylene uses the LaPlace method which would be the product of choice 3 marks 5 marks 10 marks 7 marks English (Jamaica) Test Predictions: On Accessibility: Investigate Focus ENG