Multiple Choice
The new owner of a beauty shop is trying to decide whether to hire one, two, or three beauticians. She estimates that profits next year (in thousands of dollars) will vary with demand for her services, and she has estimated demand in three categories, low, medium, and high.
If she uses the minimax regret criterion, how many beauticians will she decide to hire?
A) one
B) two
C) three
D) either one or two
E) either two or three
Correct Answer:
Verified
Correct Answer:
Verified
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