The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Because this seedless watermelon costs $4,will sell for $7,and is highly perishable,he expects only to sell between six and nine of them. Based on a maximin decision strategy,what alternative is selected?
A)Order 6
B)Order 7
C)Order 8
D)Order 9

Question

Quizplus · Accepted Answer

The maximin decision strategy involves selecting the option with the best worst-case scenario. Ordering 6 watermelons ensures that even in the worst case, all can be sold without any loss due to perishability, making it the safest option.

The Manager of Paul's Fruit and Vegetable Store Is Considering