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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

  1. Develop an opportunity loss table
  2. What is the Minimax regret decision?

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