Question: 9. The maximin criterion refers to: A) minimizing the maximum return. B) maximizing the minimum return. C) choosing the alternative with the highest payoff. D)

9. The maximin criterion refers to: A) minimizing the maximum return. B) maximizing the minimum return. C) choosing the alternative with the highest payoff.

D) choosing the alternative with the minimum payoff.

E) None of these.

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