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Author Question: The ____________ criterion is described as the least pessimistic method and the one with the lowest ... (Read 45 times)

stephzh

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on: Jun 24, 2018
The ____________ criterion is described as the least pessimistic method and the one with the lowest level of risk.
 
  A) maximin
  B) equally likely
  C) minimax regret
  D) maximax

Question 2

Using the _____________ criterion you identify the worst payoff for each alternative and then choose the alternative that is the best of the worst.
 
  A) Hurwicz
  B) equally likely
  C) maximin
  D) maximax
Business Statistics ¦ Donnelly ¦ 2nd Edition
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memslove

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

C


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