Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the
a. ordinal scale.
b. ratio scale.
c. nominal scale.
d. interval scale.
Question 2
Which of the methods for decision making best protects the decision maker from undesirable results?
a. the optimistic approach
b. the conservative approach
c. minimum regret
d. minimax regret