SCENARIO 20-2 The Following Payoff Matrix Is Given in Dollars

question 43

Multiple Choice

SCENARIO 20-2
The following payoff matrix is given in dollars.

Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Scenario 20-2,what is the best action using the maximax criterion?

• A)Action A
• B)Action B
• C)Either Action A or Action B
• D)It cannot be determined.

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