61A manager's staff has compiled the information below which pertains to four capacity alternatives. Values in the matrix are present value in thousands of dollars.
If states of nature are equally likely and an expected value criterion of maximization is used, which alternative would be chosen?
Definitions:
Randall Collins
A sociologist known for his work in conflict theory and his comprehensive studies of sociological theories.
The Credential Society
A concept that examines how educational qualifications have become crucial for securing employment and societal status, often critiquing the overemphasis on formal education.
Compulsory School
A system that requires children within a certain age range to attend school by law to receive basic education.
Who Rules America
A sociological inquiry into the power structures and elites that influence or control societal institutions, policies, and norms in the United States.
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