Question: Decision Increasing Demand (0.4) Stable Demand (0.5) Decreasing Demand (0.1) Large Investment $990,000 $400,000 -$600,000 Medium Investment $750,000 $300,000 -$200,000 Small Investment $250,000 $125,000 $99,000
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| Decision | Increasing Demand (0.4) | Stable Demand (0.5) | Decreasing Demand (0.1) |
| Large Investment | $990,000 | $400,000 | -$600,000 |
| Medium Investment | $750,000 | $300,000 | -$200,000 |
| Small Investment | $250,000 | $125,000 | $99,000 |
What is the maximax?
The best decision for Fairco using the Hurwicz criterion with a coefficient of optimism equal to 0.65 would be to (which alternative decision and what value is it):
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