When using the maximax criterion, the optimal decision alternative may be determined by simple inspection of the payoff table.

Name: When using the maximax criterion, the optimal decision alternative may be determined by simple inspection of the payoff table.
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Quizplus · Accepted Answer

True, the maximax criterion involves selecting the alternative that maximizes the maximum possible outcome, which can typically be determined by inspecting the payoff table.

When Using the Maximax Criterion, the Optimal Decision Alternative May