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MAXIMAX method
Maximax method is based upon 'extreme optimism' the decision maker chooses that particular strategy which corresponds to the maximum of the maximum pay off for every strategy
Illustration
By using the above illustration:
Max. profits row maxima
Product A
+8
Product B
+12
Product C
+16
Ranking by using the MAXIMAX method = CBA
Shane rolls a die numbered 1 by 6. What is the probability Shane rolls a 5? From 2:15 P.M. to 4:15 P.M. is 2 hours. After that, from 4:15 P.M. to 4:45 P.M. is another half hour
Mount Everest is 29,028 ft high. Mount Kilimanjaro is 19,340 ft high. How much taller is Mount Everest? Subtract Mt. Kilimanjaro's height from Mt. Everest's height; 29,028 - 19
Determine the differential for following. y = t 3 - 4t 2 + 7t Solution Before working any of these we have to first discuss just
Verify the Parseval theorem for the discrete-time signal x(n) and its DFT from given equations. Compute the linear convolution of the discrete-time signal x(n) ={3, 2, 2,1} and
assignment of marketing mix on healthservices
if there are 12 boys how many girl will it be
how does it work?
The low temperature in Anchorage, Alaska today was negative four degrees. The low temperature in Los Angeles, California was sixty-three degreees. What is the difference in the two
how to get the objective report?
In the graphical representation of a frequency distribution if the distance between mode and mean is k times the distance between median and mean then find the value of k.
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