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Question: Hardie Lord, Helen Murvis's boss, is not convinced that Helen used the correct decision technique. Hardie believes that Helen should use a coefficient of realism of 0.75 in determining the best alternative. Hardie thinks of himself as a realist.
a. Develop a decision table for this problem.
b. Using the criterion of realism, what is the best decision?
c. Did Hardie's decision technique result in a decision that was different than Helen's?
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