A decision-maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________. States of Nature
$$\begin{array} { | c | c | c | c | }
\hline & 1 & 2 & 3 \
\hline \text { Alternative A } & 50 & 55 & 60 \
\hline \text { Alternative B } & 30 & 50 & 80 \
\hline \text { Alternative C } & 70 & 80 & 70 \
\hline \text { Alternative D } & - 100 & - 10 & 140 \
\hline
\end{array}$$
A) A; 55
B) B; 30
C) C; 70
D) D; 140
E) D; 10

Question

A decision-maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________. States of Nature
$$\begin{array} { | c | c | c | c | } 
\hline & 1 & 2 & 3 \
\hline \text { Alternative A } & 50 & 55 & 60 \
\hline \text { Alternative B } & 30 & 50 & 80 \
\hline \text { Alternative C } & 70 & 80 & 70 \
\hline \text { Alternative D } & - 100 & - 10 & 140 \
\hline
\end{array}$$
A) A; 55
B) B; 30
C) C; 70
D) D; 140
E) D; 10

Quizplus · Accepted Answer

The Answer of A decision-maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________. States of Nature
$$\begin{array} { | c | c | c | c | } 
\hline & 1 & 2 & 3 \
\hline \text { Alternative A } & 50 & 55 & 60 \
\hline \text { Alternative B } & 30 & 50 & 80 \
\hline \text { Alternative C } & 70 & 80 & 70 \
\hline \text { Alternative D } & - 100 & - 10 & 140 \
\hline
\end{array}$$
A) A; 55
B) B; 30
C) C; 70
D) D; 140
E) D; 10

A Decision-Maker Using the Maximin Criterion on the Problem Below