Consider the following payoff table that represents the, Operation Management

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Consider the following payoff table that represents the

Consider the following payoff table that represents the profits earned for each alternative (A, B, and C) under the states of nature S1, S2, and S3.

S1 S2 S3

A $60 $145 $120

B $75 $125 $110

C $95 $85 $130

Refer to the payoff table. Using the maximin criterion, what would be the highest expected payoff?

A) $145

B) $125

C) $85

D) $75

E) $60

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