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A Decision-Maker Using the Maximin Criterion on the Problem Below

Question 64

Multiple Choice

A decision-maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________. States of Nature
123 Alternative A 505560 Alternative B 305080 Alternative C 708070 Alternative D 10010140\begin{array} { | c | c | c | c | } \hline & 1 & 2 & 3 \\\hline \text { Alternative A } & 50 & 55 & 60 \\\hline \text { Alternative B } & 30 & 50 & 80 \\\hline \text { Alternative C } & 70 & 80 & 70 \\\hline \text { Alternative D } & - 100 & - 10 & 140 \\\hline\end{array}


A) A; 55
B) B; 30
C) C; 70
D) D; 140
E) D; 10

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