A decision maker using the maximax criterion on the problem below(numbers in the table are based on
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Question:
A decision maker using the maximax criterion on the problem below(numbers in the table are based on profit) would choose Alternative ________ because the maximum of the row maximums is ________.
States of Nature | |||
1 | 2 | 3 | |
Alternative A | 50 | 55 | 60 |
Alternative B | 30 | 50 | 80 |
Alternative C | 70 | 80 | 70 |
Alternative D | -100 | -10 | 140 |
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