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The Decision Rule Under the Maximin Criterion Is To

Question 3

Multiple Choice

The decision rule under the maximin criterion is to:


A) Select the alternative that has the best outcome should the worst event occur.
B) Select the alternative that has the best average outcome.
C) Select the alternative that has the best outcome should the best event occur.
D) Select the alternative that has the best chance of maximising the return.

Correct Answer:

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