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Question 1 6 Use the following Payoff Table to answer questions in Problem Set Q 2 . S 1 S 2 S 3 S 4

Question 16Use the following Payoff Table to answer questions in Problem Set Q2.S1S2S3S4S50Buy 0 Unit000-14Buy 1 Unit-770886Buy 2 Units-2769335134Buy 3 Units623334-184Probability0.20.40.10.10.2Question: What is the optimal decision if the manager wishes to maximize the maximum payoff (Maximax)? a. Buy 0 unit b. Buy 1 units O c. Buy 2 unitsO d. Buy 3 units

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