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Read carefully! The owner of the Columbia Construction Company must decide between building a housing development, constructing a shopping center, and leasing all the company's
Read carefully! The owner of the Columbia Construction Company must decide between building a housing development, constructing a shopping center, and leasing all the company's equipment to another company. The project cost that will result from each alternative will be determined by whether community health benefi remain slow, moderate or high. The cost from each alternative, given the three possibilities for community benefit level, is shown in the following payoff table: what is the value of the Regret (Savage criterion)
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