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Question

1. Briefly describe a decision table.

2. Consider the following decision table, which Dapper Dan has developed for Looking Good Enterprises. 

3. ABC Bicycle manufactures bicycles in its plant. Weekly outputs are as follows:

 

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Solution Preview

Decision table is a tabular means of analyzing decision alternatives and states of nature. A decision table is sometimes called a payoff table. For any alternative and a particular state of nature, there is a consequence, or an outcome, which is usually expressed as a monetary value; this is called the 

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