When the ________ criterion is used, the decision maker selects the decision alternative that minimizes the maximum regret

Fill in the blank with correct word.

Answer: minimax regret

Business

You might also like to view...

The rights to which a person is entitled simply because he/she is a human and that cannot be taken away by the government are known as _____ rights

A. natural B. civil C. legal D. statutory

Business

Which of the following is a well-stated business goal?

A) "Strengthen our ability to manufacture products without error." B) "Enhance morale and engagement throughout our workforce." C) "Improve our ability to innovate new products and services." D) "Increase revenues twofold by the end of the fiscal year."

Business