Question: Answer the following two questions using the information below: McDonald's is about to open a new store. Demand Three locations are under consideration, Location Low

Answer the following two questions using the

Answer the following two questions using the information below: McDonald's is about to open a new store. Demand Three locations are under consideration, Location Low Medium High with possible outcomes (depending on Large 40 90 200 demand) as shown in the table to the right. Medium 70 120 140 Assume that the probabilities of demand Small 100 110 states are not known (i.e., uncertainty). 130 Using the Maximin criterion, which location size(s) will be best? A. Small Using the minimax regret criterion, which location size(s) will be best? B. Medium C. Large D. Small or Medium E. Small or Large F. Medium or Large

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