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Consider the following decision matrix presenting net profit/loss estimates regarding an investment project: EQUIPMENT USED Small Medium Large DEMAND LOW 30 10 3. Referring


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Consider the following decision matrix presenting net profit/loss estimates regarding an investment project: EQUIPMENT USED Small Medium Large DEMAND LOW 30 10 3. Referring to the Z-Table, calculate the probability that each alternative (each different equipme least a $50 profit? what is the likelihood that each alternative will produce a profit BETWEEN S Be sure to show work, indicate the recommended alternative each time, provide a summary table and support your final statement with a reason DMUU: Perfect Optimism: Perfect Pessimism Optimism at a- Equal Likelihood: Minimizing Regret: Overall DMUU Letter & Value DMUR: Results Be Sure Xbar To Support (Give Reasons!). Sigma Reason Your KBV Answers Normal Dist Give Reasons!) Normal Dist. % Crive Reasons!)

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