The Decision Rule Under the Maximin Criterion Is To

question 12

Multiple Choice

The decision rule under the maximin criterion is to:

• A)Select the alternative that has the best outcome should the worst event occur.
• B)Select the alternative that has the best average outcome.
• C)Select the alternative that has the best outcome should the best event occur.
• D)Select the alternative that has the best chance of maximising the return.