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A. which alternative should be chosen based on the pessimist criterion( name alternative and payoff value) B. which alternative should be chosen based on the
A. which alternative should be chosen based on the pessimist criterion( name alternative and payoff value)
B. which alternative should be chosen based on the Likely Equaly criterion (name alternative and show calculation )
C. Which alternative should be chosen based on criterion of realism with alpha = 0.8 (name alternative and show the calculation)
D.If the probability of strong, fair and poor demand be 0.3, 0.5 and 0.2 respectively, then which alternative should be chosen based on EMV? (name the alternative and show the calculation)
PAYOFFS Ateratives Bake 50 pies Bake 100 pies Bake150 pies Outcone 800 450 200 Fair Demand Poor Demand 550 200 150 600 500 50
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