The table shows both prospective profits and losses for a company,depending on what decision is made and what state of nature occurs.Use the information to determine what the company should do.
a.if an optimistic strategy is used.
b.if a conservative strategy is used.
c.if minimax regret is the strategy.
Definitions:
Quantitative Research
A research methodology that focuses on gathering numerical data and performing statistical, mathematical, or computational techniques to analyze it.
Manual Storage
The physical keeping or organizing of records, documents, or materials by hand.
Notebooks
Books with blank pages for writing notes, recording data, or sketching, often used for personal or academic purposes.
Boxes
Containers made of various materials, used for storage or transportation of goods.
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