If she uses the maximax 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

Name: If she uses the maximax 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
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Question

Quizplus · Accepted Answer

The maximax criterion involves choosing the option with the maximum possible payoff. Assuming the large outlet has the highest potential payoff, she would choose to lease the large outlet.

If She Uses the Maximax Criterion, What Size Outlet Will