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02-01-2023
Business

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A company that is introducing a new product has to choose between three 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 revenue for the year (values are in thousands). the company has identified three possibilities for economic growth and has labeled them high, medium, and low. identify the best decision under maximax, maximin, laplace, and minimax regret. show your work

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