The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows:
If she uses the minimax regret criterion, what size outlet will she decide to lease?
A) small
B) medium
C) large
D) either small or medium
E) either medium or large

Question

The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: 
If she uses the minimax regret criterion, what size outlet will she decide to lease?
A) small 
B) medium 
C) large 
D) either small or medium 
E) either medium or large

Quizplus · Accepted Answer

The Answer of The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: 
If she uses the minimax regret criterion, what size outlet will she decide to lease?
A) small 
B) medium 
C) large 
D) either small or medium 
E) either medium or large

The Owner of Tastee Cookies Needs to Decide Whether to Lease