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Consider the Following Decision Scenario *PV for Profits ($000) the Maximax Strategy Would Be:
A)

Question 119

Multiple Choice

Consider the following decision scenario:  State of Nature  High  Med.  Low  A $20205 B 253011 C 301213 D 101212 E 504028\begin{array} { c} { \text { State of Nature } } \\\begin{array} { | l | l | l | l | } \hline { } & \text { High } & \text { Med. } & \text { Low } \\\hline \text { A } & \$ 20 ^ { * } & 20 & 5 \\\hline \text { B } & 25 & 30 & 11 \\\hline \text { C } & 30 & 12 & 13 \\\hline \text { D } & 10 & 12 & 12 \\\hline \text { E } & 50 & 40 & - 28 \\\hline\end{array}\end{array} *PV for profits ($000) The maximax strategy would be:


A) A.
B) B.
C) C.
D) D.
E) E.

Correct Answer:

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