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Problem 4:
Brooke Bentley, a student in business administration, is trying to decide which management
science course to take next quarter - I, II, or III. "Steamboat" Fulton, "Death" Ray, and
"Sadistic" Scott are the three management science professors who te4ach the courses. Brooke
does not know who will teach what course. Brooke can expect a different grade in each of the
courses, depending on who teaches it next quarter, as shown in the following payoff table:
Professor
Course
Fulton
Ray
Scott
D
D
II
B
F
III
A
Determine the best course to take next quarter, using the following criteria.
a. Maximax
b. Maximin

Top Answer

Maximax: Selecting the best of best alternative Course I: Fulton (highest grade is B) Course II: Ray (highest grade... View the full answer

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