Question
Joseph has three ways of selling to choose from:Strip Mall, Sketchy Pub and Food Truck.The market can be either good or poor, resulting in the
Joseph has three ways of selling to choose from:Strip Mall, Sketchy Pub and Food Truck.The market can be either good or poor, resulting in the following potential profits. Calculate the following using the information below, circling the preferred option in each category:(2+2+3+3=10 points)
Good market.......Poor market.........Maximax?........Maximin?........Equally Likely Criterion of Realism ( = 0.8)?
Strip Mall: 120.............................90
Sketchy Pub: 1000............................20
Food Truck: 125..............................300
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