If she uses the maximin criterion, what size outlet will she decide to lease?
A)small
B)Medium
C)large
D)either small or Medium
E)either medium or large

Name: If she uses the maximin criterion, what size outlet will she decide to lease? A)small B)Medium C)large D)either small or Medium E)either medium or large
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Question

Quizplus · Accepted Answer

The maximin criterion involves choosing the option with the best worst-case scenario. For leasing an outlet, she would choose the size with the highest minimum payoff.

If She Uses the Maximin Criterion, What Size Outlet Will