A company is choosing which of three new products to make $(A, B$ or $C$ ) and
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A company is choosing which of three new products to make $(A, B$ or $C$ ) and has calculated likely pay-offs under three possible scenarios (I, II or III), giving the following pay-off table.
Required:
Using maximax, which product would be chosen?
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Using maximax an optimist would consid...View the full answer
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Sufiyan Ahmed Tariq
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