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    Statistics
  3. Study Set
    Business Statistics Study Set 1
  4. Exam
    Exam 28: Using Statistics for Decision Making
  5. Question
    The Minimax Choice
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The Minimax Choice

Question 4

Question 4

Multiple Choice

The minimax choice


A) minimizes the maximum cost
B) maximizes the minimum cost
C) minimizes the maximum profit
D) minimizes the maximum revenue
E) can be any of the given answers

Correct Answer:

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