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Today's Electronics specializes in manufacturing modern electronics components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the

Today's Electronics specializes in manufacturing modern electronics components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Today's Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:

Profits

Strong market Fair market Poor market

Large facility 650,000 210,000 -410,000

Medium size facility400,000 229,000 -200,000

Small facility 300,000 200,000 -42,000

No facility 0 0 0

  1. Develop an opportunity loss table
  2. What is the minimax regret decision?

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