The _________ criterion is the alternative associated with the highest payoff in the decision table.
A)maximax
B)minimax regret
C)equally likely
D)maximin

Name: The _________ criterion is the alternative associated with the highest payoff in the decision table. A)maximax B)minimax regret C)equally likely D)maximin
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Question

Quizplus · Accepted Answer

The maximax criterion involves selecting the alternative that has the highest potential payoff, focusing on the most optimistic outcome.

The _________ Criterion Is the Alternative Associated with the Highest