Question: A tech company plans a major update for its flagship software, focusing on one of four improvements: speed, new features, security, or cost reduction. There
A tech company plans a major update for its flagship software, focusing on one of four improvements: speed, new features, security, or cost reduction. There is a probability that customers will favor the update and a chance they won't. The payoffs below show the estimated additional annual revenue in millions of dollars based on customer reception.
tableFavorable Reception,Unfavorable ReceptionEnhance Speed,Add New Features,Improve Security,Reduce Costs,
What is the optimal decision according to Minimax?
Add New Features
Reduce Costs
Enhance Speed
Improve Security
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