The operations manager for a local bus company wants to decide whether he should purchase a small, medium, or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows:
If he uses the Laplace criterion, which size bus will he decide to purchase?
A) small
B) medium
C) large
D) either small or medium
E) either medium or large
Correct Answer:
Verified
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