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Question
A decision-maker using the maximax criterion on the problem below would choose Alternative __________ because the maximum of the row maximums is __________.
| States of Nature | |||
| 1 | 2 | 3 | |
| Alternative A | 50 | 55 | 60 |
| Alternative B | 30 | 50 | 80 |
| Alternative C | 70 | 80 | 70 |
| Alternative D | -100 | -10 | 140 |
A) A; 60
B) B; 80
C) C; 70
D) D; -100
E) D; 140
Answer
This answer is hidden. It contains 1 characters.
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