A Decision-Maker Using the Maximin Criterion on the Problem Below

question 64

Multiple Choice

A decision-maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________. States of Nature
$$\begin{array} { | c | c | c | c | } \hline & 1 & 2 & 3 \\\hline \text { Alternative A } & 50 & 55 & 60 \\\hline \text { Alternative B } & 30 & 50 & 80 \\\hline \text { Alternative C } & 70 & 80 & 70 \\\hline \text { Alternative D } & - 100 & - 10 & 140 \\\hline\end{array}$$

• A) A; 55
• B) B; 30
• C) C; 70
• D) D; 140
• E) D; 10

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Definitions:

Jealousy Reasons

Factors that provoke jealousy, often involving feelings of insecurity, fear, or concerns about a lack of resources or attention.

Taste Preferences

An individual’s liking or disliking for certain flavors or types of food, often influenced by genetic factors, experiences, and culture.

Abnormal Conditions

Situations or health conditions that deviate from what is considered normal or typical.

Dietary Deficiencies

Conditions that occur when a person's intake of nutrients is insufficient to meet their body's needs, leading to health problems.