The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Since this seedless watermelon costs $4, will sell for $7, and is highly perishable, he only expects to sell between 6 and 9 of them. Based on a maximin decision strategy, what alternative is selected?
A) Order 6
B) Order 7
C) Order 8
D) Order 9

Question

Quizplus · Accepted Answer

The maximin strategy involves choosing the option with the best worst-case scenario. Ordering 6 watermelons ensures that all can be sold, minimizing potential losses.

The Manager of Paul's Fruit and Vegetable Store Is Considering