- Amy Maxwell is not sure about the possibility of a favorable market. She would like to
- The equally likely decision
- The maximax decision
- The maximin decision
- The criterion of realism (Hurwicz)
- The minimax regret decision
The problem data is summarized below and the Hurwicz criterion should be 0.7.
Favorable Market Unfavorable Market
Probability .6 .4
Alternative 1 61,000 -26,000
Alternative 2 45,000 -13,000
Alternative 3 0 0
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