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6. (10 points) The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing
6. (10 points) The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium or high. The following payoff table shows the projected profit in millions of dollars: Long-Run Demand Low Medium High 200 Plant Small, di 150 200 Size 200 500 Large, d2 50 Recommend a decision based on the use of the optimistic, conservative and minimax regret approaches
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