61A manager's staff has compiled the information below which pertains to four capacity alternatives. Values in the matrix are present value in thousands of dollars.
If states of nature are equally likely and an expected value criterion of maximization is used, which alternative would be chosen?

Question

61A manager's staff has compiled the information below which pertains to four capacity alternatives. Values in the matrix are present value in thousands of dollars.
  If states of nature are equally likely and an expected value criterion of maximization is used, which alternative would be chosen?

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The Answer of 61A manager's staff has compiled the information below which pertains to four capacity alternatives. Values in the matrix are present value in thousands of dollars.
  If states of nature are equally likely and an expected value criterion of maximization is used, which alternative would be chosen?

61A Manager's Staff Has Compiled the Information Below Which Pertains