Question: We Are Humber Tech Store is considering starting either a small, regular, or large tech store in Etobicoke. Depending on their research findings, they may
We Are Humber Tech Store 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 citys market potential which may be high, medium, or low. The potential profits in each case are shown in the payoff table below (in $'000):
High Medium Low
small 280 230 20
Regular 430 430 -100
Large 570 330 -180
None 0 0 0
The minimax regret decision is ?
to open a small store
open a regular store
open a large store
open no store
choose high market
choose medium market
choose low market
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