If she uses the Laplace criterion, which advertising strategy will she use?
A)print
B)mixed
C)television
D)either print or mixed
E)either mixed or television

Question

Quizplus · Accepted Answer

The Laplace criterion suggests choosing the option with the highest average payoff. Without specific payoff values provided, the choice "mixed" is assumed to have the highest average payoff among the options.

If She Uses the Laplace Criterion, Which Advertising Strategy Will