Determine best course to take using maximax criteria

Assignment Help Basic Statistics

Reference no: EM13118226

Brooke Bentley, a student in business administration, istrying to decide which management science course to take nextquarter-I, II, III. "Steamboat" Fulton, "Death" Ray, and "Sadistic"Scott are the three management science professors who teach thecourses. Brooke does not know who will teach thatcourse. Brooke can expect a different grade in each of thecourses, depending on who teaches it next quarter, as shown in thefollowing payoff table:
Professor

Course Fulton Ray Scott
I B D D
II C B F
III F A C

Determine the best course to take next quarter, using the following criteria.

a) Maximax
b) Maximin

Reference no: EM13118226

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