The Operations Manager for a Local Bus Company Wants to Decide

Multiple Choice

The operations manager for a local bus company wants to decide whether he should purchase a small, medium, or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows:
If he uses the minimax regret criterion, which size bus will he decide to purchase?

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