A plant manager is considering buying additional stamping machines to accommodate increasing demand. The alternatives are to buy 1 machine, 2 machines, or 3 machines.

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A plant manager is considering buying additional stamping machines to accommodate increasing demand. The alternatives are to buy 1 machine, 2 machines, or 3 machines.

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1 Alternative Bid accepted Bid rejected 2 Machine 110 3 Machine 2 30 4 Machine 340 4 2 MAX(B2:B4)MAX(C2:C4) 6 Probabilities [ 1 Alternative 2 Machine 1 3 Machine 2 4 Machine 3 $10 $30 $40 $40 0.65 Expected value under certainity Bid accepted Bid rejec

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A plant manager is considering buying additional stamping machines to accommodate increasing demand. The alternatives are to buy 1 machine, 2 machines, or 3 machines.

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