Reference no: EM13977666

Decision Payoff Table

Alternatives     Low   Med     High

Small                52      42         43

Medium          50       49          49

Large               -15     38          51

A. The best payoff for a small facility is _________________?

B. The worst payoff for a medium facility is ________________?

C. The average payoff for a large facility is _________________? (in two decimal places)

D. The worst regrets for a small facility __________________?

E. The worst regrets for a medium facility ________________?

F. The best decision by using Optimistic is to select the _________________ facility

G. The best decision by using Conservative is to select the _______________ Facility

H. The best decision by using Laplace/Equality Likely is to select the _____________Facility

I.  The best decision by using the Minimax Regret is likely to select the __________________Facility