Question: Use the table below to answer the sections Alternatives Low Demand Moderate Demand High Demand Small $ 20 $ 20 $ 20 Medium $ 14

  1. Use the table below to answer the sections

Alternatives

Low Demand

Moderate Demand

High Demand

Small

$ 20

$ 20

$ 20

Medium

$ 14

$ 24

$ 24

Large

$ 8

$ 4

$ 32

Which one the person will choose

  1. Using the maximin approach.
  2. Using the maximax approach.
  3. Using the minimax approach.

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