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The Owner of Tastee Cookies Needs to Decide Whether to Lease

Question 200

Multiple Choice

The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows:
The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: If she uses the minimax regret criterion, what size outlet will she decide to lease? A) small B) medium C) large D) either small or medium E) either medium or large
If she uses the minimax regret criterion, what size outlet will she decide to lease?


A) small
B) medium
C) large
D) either small or medium
E) either medium or large

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