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In the maximax strategy a manager choosing between two options will choose the option that Multiple Choice has the highest expected profit. provides the best

In the maximax strategy a manager choosing between two options will choose the option that

Multiple Choice

  • has the highest expected profit.
  • provides the best of the worst possible outcomes.
  • provides the best of the highest possible outcomes.
  • both "has the highest expected profit" and "has the lowest variance".
  • has the lowest variance.

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