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3.23: Todays Electronic specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising
3.23: Todays Electronic specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Todays Electronics on electronic manufacturing equipment, has developed the following tables concerning a proposed facility:
Profit | |||
| Strong Market | Fair Market | Poor Market |
Large Facility | 550,000 | 110,000 | -300,000 |
Medium-Sized Facility | 250,000 | 130,000 | -100,000 |
Small Facility | 100,000 | 100,000 | -30,000 |
No Facility | 0 | 0 | 0 |
- Develop an opportunity loss table
- What is the Minimax regret decision?
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