2 of 26 must place her order for ski parkas well in e of ski small order for par

Question

2 of 26 must place her order for ski parkas well in e of ski small order for parkas. The number sold will ski season. The the manufacturer produces them in the summer months. Brenda needs to determine whether to place a large, medium or es the payoffs (profits) Brenda expects to receive under each scenario. depend largely on whether the area receives a heavy, normal or light amount of snow during the table s under the c Size of Order Normal 10 Medium Payoffs in $1000 O (Medium, Light) O (Medium.Heavy) ? Moving to another question will save this response OiLi M PPT 505 F460ESCO91... EAl project

Explanation / Answer

According to conservation approach

Minimum pay off if you choose large - 3

Minimum pay off if you choose medium - 6

Minimum payoff if you choose small - 4

Maximum of minimum payoff - 6

It occurs at (medium, light)

Therefore (a)(medium, light) is the answer

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