The Construction Manager for Acme Construction, Inc If He Uses the Minimax Regret Criterion, Which Kind of to Build

Multiple Choice

The construction manager for Acme Construction, Inc., must decide whether to build single-family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows: $$\begin{array} { | l | l | l | l | } \hline { \text { Type } } & { \text { POPULATION TREND } } \\\hline & \text { Declining } & \text { Stable } & \text { Growing } \\ \hline \text { Single Family } & 200 & 90 & 70 \\\hline \text { Apartments } & 70 & 170 & 90 \\\hline \text { Condos } & - 20 & 100 & 220 \\\hline\end{array}$$ If he uses the minimax regret criterion, which kind of dwellings will he decide to build?

A) single family
B) apartments
C) condos
D) either single family or apartments
E) either apartments or condos