Question: I NEED THE ANSWER TO BOTH MAXIMAX & MINIMAX PLEASE!!!!!! State of Nature (Payoff Table): Alternatives Yes No Small 140* 135 Medium 160 120 Med-Large

I NEED THE ANSWER TO BOTH MAXIMAX & MINIMAX

I NEED THE ANSWER TO BOTH MAXIMAX & MINIMAX PLEASE!!!!!!

State of Nature (Payoff Table): Alternatives Yes No Small 140* 135 Medium 160 120 Med-Large 130 125 Large 110 130 140 120 Ex-Large profits (in $000) According to the above payoff table the optimist strategy (Maximax) would be: O large O ex-large O med-large medium O small

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