Use the Following to Answer the Questions Below

question 6

Multiple Choice

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 have 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.
Table A.3
-Using the information in Table A.3,which alternative is best in accordance with a decision criterion of Laplace?

• A)A
• B)B
• C)C

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Definitions:

Argument

A series of statements or reasons made to support or oppose a conclusion.

Cold Front

A leading edge of a cooler mass of air, replacing at ground level a warmer mass of air, characterized by weather changes.

Rain

Water droplets that fall from clouds in the atmosphere to the ground.

Proposition

A statement expressing an idea that can be true or false.