Question
DECISION CRITERIASTOCKSMaxiMinEqually LikelyExpected ValueStock A$ 12,000$ (3,000)$$ 6,000Stock B$ 3,500$ 3,000$3,250$Sensitivity ResultsStock AStock B0.40$3,0000.45$3,750$3,225Find crossover to 4 decimal places!Recommended DecisionMaximax$ 12,000StockMiximin$3,000StockEqually Likely (LaPlace)$ 4,500StockExpected Value
DECISION CRITERIASTOCKSMaxiMinEqually LikelyExpected ValueStock A$ 12,000$ (3,000)$$ 6,000Stock B$ 3,500$ 3,000$3,250$Sensitivity ResultsStock AStock B0.40$3,0000.45$3,750$3,225Find crossover to 4 decimal places!Recommended DecisionMaximax$ 12,000StockMiximin$3,000StockEqually Likely (LaPlace)$ 4,500StockExpected Value (Hurwicz)$Stock
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
