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Seneca Hill Hotel is considering expanding its banqueting facility. The following table shows the 3 alternatives, the states of nature and their payoffs: Alternative Alt#
Seneca Hill Hotel is considering expanding its banqueting facility. The following table shows the 3 alternatives, the states of nature and their payoffs: Alternative Alt# Low Demand Medium Demand High Demand 600ma facility 1 $420,000 $410,000 $400,000 1.200m2 facility 2 $350,000 $750,000 $700,000 1,700m facility 3 $120,000 $680,000 $830,000 Regret Table Alternative Worst Low Demand Medium Demand High Demand 600m2 facility A D G 1,200m2 facility B E H K 1,700m2 facility F 1 L If minimax regret is to be applied, fill in the above missing values A to L. In 'X", please indicate your decision. If your answer is Alt#1, just write 1. No need to write the $ sign and usand separator, e.g. if your answer is $9,999, 9999 A= B= D = F= H- 1 = J- K= X =
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