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The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions ( favorable ,

The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table:
\table[[,Market Conditions],[,Favorable,Stable,Unfavorable],[Product,.2,.7,1],[Widget,$120,000,$70,000,$-30,000
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