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The following is a payoff table giving profits for various situations. States of Nature B Alternatives Alternative 1 A 205 240 210 Alternative 2 200

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The following is a payoff table giving profits for various situations. States of Nature B Alternatives Alternative 1 A 205 240 210 Alternative 2 200 180 170 Alternative 300 200 250 Do Nothing O What decision would you take using the Maximin criterion

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