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2 15734 A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The payoff

2 15734 A manager has compiled estimated profits for various capacity alternatives but is reluctant to assign probabilities to the states of nature. The payoff table is as follows: STATE OF NATURE " A 8:32+ 155 Alternative 133 100 c 107 $3 "Profit in $ thousands Click here for the Excel Data File a. Is there any alternative that would never be appropriate in terms of maximizing expected profit? Alternative A O Alternative B O Alternative C None b. For what range of P(2) would alternative A be the best choice if the goal is to maximize expected profit? Choose Allamative A if P(#2) is < Prev 2 of 11 Next > 2 b. For what range of P(2) would alternative A be the best choice if the goal is to maximize expected profit? 025717 Choose Allemative A Praz) C. For what range of P (1) would alternative A be the best choice if the goal is to maximize expected profit? Choose Alternative A if P(#1) is

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