Question
he committee of a new golf club is setting the annual membership fee. The number of members depends on the membership fee charged and economic
he committee of a new golf club is setting the annual membership fee. The number of members depends on the membership fee charged and economic conditions. The forecast annual cash inflows from membership fees are shown below: Membership Level Membership Fee Low Average High R600 R360 000 R480 000 R540 000 R800 R400 000 R440 000 R480 000 R900 R360 000 R405 000 R495 000 R1000 R320 000 R380 000 R420 000 If the minimax regret criterion is applied, the fee set by the committee would be: A. R1000 B. R900 C. R600 D. R800. Can I have the answer with 10 minutes please please. choose correct answer
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