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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
Some Definitions of e 1. 2. e is the unique +ve number for which 3. The second one is the significant one for us since that limit is exactly the limit
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draw a right angle isosceles triangle with 9 triangles in it
ogive for greater than &less than curves
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