Question

A farmer in Georgia must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill with Russia


Determine the best crop to plant, using the following decision criteria.
a. Maximax
b. Maximin
c. Minimax regret
d. Hurwicz (α = .3)
e. Equallikelihood


$1.99
Sales8
Views454
Comments0
  • CreatedJuly 17, 2014
  • Files Included
Post your question
5000