Question: The construction manager for Acme Construction, Inc. must decide whether to build single family homes, townhouse, or condominium. He estimates annual profits (in thousands of
The construction manager for Acme Construction, Inc. must decide whether to build single family homes, townhouse, or condominium. He estimates annual profits (in thousands of dollars) will vary with population trends as follows:
| Building type | Population steady | Population grows slowly | Population grows rapidly |
| Single family | 100 | 90 | 70 |
| Townhouse | 50 | 170 | 90 |
| Condominium | 20 | 100 | 220 |
PART B
If the construction manager were a pessimist, what criterion would he choose? What would be the best choice of building using this criterion?
Select one:
a. Maximin; Single family
b. Maximax; Condominium
c. Maximin; Townhouse
d. None of the other options
e. Maximax; Single family
f. Maximin; Condominium
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