Question: Humber Tech is considering starting either a small, regular, or large tech store in Etobicoke. Depending on their research findings, they may also decide not
Humber Tech is considering starting either a small, regular, or large tech store in Etobicoke. Depending on their research findings, they may also decide not to open any store at all. The type of store they open depends on the city's market potential which may be high, medium, or low. The potential profits in each case are shown in the payoff table below in $:
tableHigh,Medium,LowSmallRegularLargeNone
a Construct an opportunity loss regret table by completing the following table.
tableHigh,Medium,LowSmallRegulaLargeNone
b The minimax regret decision is t
Select an answer open a small store open a regular store
Question Help: Video Messe open a large store openno store choose high market choose medium market choose low market
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