Question
Alex wants to invest in one of three companies. The performance of his investment depends on whether demand for the companys products are high, average,
Alex wants to invest in one of three companies. The performance of his investment depends on whether demand for the companys products are high, average, or low. The following regret table will help Alex make his decision:
|
| High Demand | Low Demand | Average Demand |
|---|---|---|---|
| Antons Apps | $0 | $2100 | $9300 |
| Klinkers Cabs | $20,000 | $500 | $0 |
| Mackenzies Motors | $9,300 | $0 | $6700 |
If Alex were to use minimax regret criteria, which company would he choose?
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven M. Mintz, Roselyn E. Morris
5th edition
1259969460, 73403997, 1260480852, 978-1259969461
