A company has to decide whether or not to continue with plans to run a conference next June in a hotel. If it decides to continue then it will either make a profit of $1 million or lose $0.8 million. If it decides to cancel it will either lose $0.2 million in compensation payments to participants or, if it is also sued by the hotel, lose a total of $0.6 million. According to the maximin criterion, the company should:

A)Estimate probabilities for the different payoffs before applying the criterion

B)Continue with the event

C)Be indifferent between continuing with the event or cancelling it

D)Cancel the event