If Amy has no idea which of the three mileage assumptions is most appropriate, what is the
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Question:
If Amy has no idea which of the three mileage assumptions is most appropriate, what is the recommended decision leasing option using the optimistic, conservative, and minimax regret approaches?
The recommended decision using the optimistic approach is
Dealer A
Correct: Your answer is correct.
The recommended decision using the conservative approach is
Dealer C
Correct: Your answer is correct.
The recommended decision using the minimax regret approach is
Dealer A or B
Incorrect: Your answer is incorrect.
d
Suppose that the probabilities that Amy drives and miles per year are and respectively. What option should Amy choose using the expected value approach?
EVDealer A $
EVDealer B $
EVDealer C $
The best decision is
Select
Related Book For
Quantitative Methods for Business
ISBN: 978-0840062345
12th edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
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