Multiple Choice
Table A.2
Use the following to answer the questions below.
A company that is introducing a new product has to choose between four different manufacturing methods, referred to as methods A, B, C and D. Depending on the demand for the product, they forecast different levels of expenses for the year (values are in thousands) . The company has identified three possible states of nature for economic growth, and named them High, Medium, and Low.
-Using the information in Table A.2, which alternative is best in accordance with a decision criterion of minimax regret?
A) A
B) B
C) C
D) D
Correct Answer:

Verified
Correct Answer:
Verified
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