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A concessionaire for the local ballpark has developed a table of conditional values for the various alternatives (stocking decision) and states of nature (size of
A concessionaire for the local ballpark has developed a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd). States of Nature (size of crowd) Alternatives Large Average Small Large Inventory $22,000 $12,000 - $2,000 Average Inventory $15,000 $12,000 $6,000 Small Inventory $ 9,000 $ 6,000 $5,000 What decision should be made based on the minimax regret criterion? Large inventory Average inventory O Small inventory O cannot tell from the given information
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