What decision would be made under maximin?
An investor is consider four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below.
Economic Condition
Poor Average Good Excellent
Investment (S1) (S2) (S3) (S4)
A 50 75 20 30
B 80 15 40 50
C -100 300 -50 10
D 25 25 25 25
Answer: Compare 20, 15, -100, and 25. Choose investment D.
Business
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In your tables of contents, you should make division titles ________________
a. as short as possible b. as specific as possible c. alphabetical d. boldface
Business
What is the difference between a general average and a particular average in ocean marine insurance?
What will be an ideal response?
Business