AAA auto supply AAA auto supply store sells snow tires which are ordered every Friday to meet next week's demand The sales price for the most popular size is $50 per tire and its cost for AAA is $35 If too many tires are ordered AAA can scrap the tire at a salvage price of $2 per tire If AAA is out of stock, it forgoes the profits from missed sales AAA has estimated that demand will follow the pattern below Demand level Probability 50 Tires 10 percent 75 Tires 20 percent 100 Tires 35 percent 125 Tires 25 percent 150 Tires 10 percent Construct the payoff table Which alternative should be chosen based on the maximax criterion Which alternative should be chosen based on the maximin criterion Which alternative should be chosen based on the Lapalce (equally likely) criterion Which alternative should be chosen based on criterion of realism with alpha 0 7 Which alternative should be chosen based on the minimax regret criterion Which alternative should be chosen based on the EMV criterion

Question

AAA auto supply  AAA auto supply store sells snow tires which are ordered every Friday to meet next week's demand  The sales price for the most popular size is $50 per tire and its cost for AAA is $35  If too many tires are ordered AAA can scrap the tire at a salvage price of $2 per tire  If AAA is out of stock, it forgoes the profits from missed sales  AAA has estimated that demand will follow the pattern below Demand level Probability 50 Tires 10 percent 75 Tires 20 percent 100 Tires 35 percent 125 Tires 25 percent 150 Tires 10 percent Construct the payoff table  Which alternative should be chosen based on the maximax criterion  Which alternative should be chosen based on the maximin criterion  Which alternative should be chosen based on the Lapalce (equally likely) criterion  Which alternative should be chosen based on criterion of realism with alpha   0 7  Which alternative should be chosen based on the minimax regret criterion  Which alternative should be chosen based on the EMV criterion

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AAA auto supply: AAA auto supply store sells snow tires which are ordered every Friday to meet next week's demand. The sales price for the

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Demand level	Probability
50 Tires	10 percent
75 Tires	20 percent
100 Tires	35 percent
125 Tires	25 percent
150 Tires	10 percent