The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. What would be the best decision if the maximin strategy is used?
A)1
B)2
C)3

Question

The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What would be the best decision if the maximin strategy is used?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

The Answer of The national sales manager for "I colored this" (ICT)T-shirts provides all salespersons with the payoff table shown next,giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown.   What would be the best decision if the maximin strategy is used?
A)1 
B)2 
C)3

The National Sales Manager for "I Colored This" (ICT)T-Shirts Provides