The table below contains profit projections for various

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The table below contains profit projections for various decisions to be made by the University. The associated probabilities for the states of nature are .40 for high demand, .35 for medium demand; and .25 for low demand.What is the best decision the University can make if they employ the optimistic approach to decision making?

	High Demand	Medium Demand	Low Demand
D1	1,000,000	700,000	250,000
D2	400,000	400,000	400,000
D3	1,100,000	1,000,000	100,000
D4	800,000	400,000	200,000

Reference no: EM13628231

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