Alternatives 1 and 2 in the following payoff table represent the two possible manufacturing strategies that the EKA manufacturing company can adopt.The level of demand affects the success of both strategies.The states of nature (S_i)represent the levels of demand for the company products.S₁,S₂,and S₃ characterize high,medium,and low demand,respectively.The payoff values are in thousands of dollars. The best alternative (course of action)for the EKA manufacturing company using the maximin criterion is strategy _____ and the best possible payoff is __________. A) 1,$50,000 B) 2,$120,000 C) 1,$100,000 D) 1,$70,000 E) 2,$80,000

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The Answer of Alternatives 1 and 2 in the following payoff table represent the two possible manufacturing strategies that the EKA manufacturing company can adopt.The level of demand affects the success of both strategies.The states of nature (S_i)represent the levels of demand for the company products.S₁,S₂,and S₃ characterize high,medium,and low demand,respectively.The payoff values are in thousands of dollars. The best alternative (course of action)for the EKA manufacturing company using the maximin criterion is strategy _____ and the best possible payoff is __________. A) 1,$50,000 B) 2,$120,000 C) 1,$100,000 D) 1,$70,000 E) 2,$80,000

Alternatives 1 and 2 in the Following Payoff Table Represent