The table shows both prospective profits and losses for a company, depending on what decision is made and what state of nature occurs. Use the information to determine what the company should do.

a.
if an optimistic strategy is used.
b.
if a conservative strategy is used.
c.
if minimax regret is the strategy.

Question

The table shows both prospective profits and losses for a company, depending on what decision is made and what state of nature occurs. Use the information to determine what the company should do.
​​  ​ 
a.
if an optimistic strategy is used.
b.
if a conservative strategy is used.
c.
if minimax regret is the strategy.

Quizplus · Accepted Answer

The Answer of The table shows both prospective profits and losses for a company, depending on what decision is made and what state of nature occurs. Use the information to determine what the company should do.
​​  ​ 
a.
if an optimistic strategy is used.
b.
if a conservative strategy is used.
c.
if minimax regret is the strategy.

The Table Shows Both Prospective Profits and Losses for a Company