You have a decision to invest $10,000 in any of four different companies. You estimate the probabilities that the economy will be favourable or unfavourable and you estimate the percent returns over the next year. Based on the maximin criterion, what is the choice?
A) Company 1
B) Company 2
C) Company 3
D) Company 4

Question

You have a decision to invest $10,000 in any of four different companies. You estimate the probabilities that the economy will be favourable or unfavourable and you estimate the percent returns over the next year.  Based on the maximin criterion, what is the choice?
A) Company 1 
B) Company 2 
C) Company 3 
D) Company 4

Quizplus · Accepted Answer

The Answer of You have a decision to invest $10,000 in any of four different companies. You estimate the probabilities that the economy will be favourable or unfavourable and you estimate the percent returns over the next year.  Based on the maximin criterion, what is the choice?
A) Company 1 
B) Company 2 
C) Company 3 
D) Company 4

You Have a Decision to Invest $10,000 in Any of Four