Table A.2 Use the Following to Answer the Questions Below

question 54

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

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