Today’s Electronics specializes in manufacturing modern electronic components. 1 answer below »

Today’s Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Today’s Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:

 

Profit

 STRONG

MARKETFAIR

MARKETPOOR

MARKET

Large facility

Medium-sized facility

Small facility

No facility

 

(a) Develop an opportunity loss table.

 

(b) What is the minimax regret decision?

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