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The operations manager for a local bus company wants to decide whether he should purchase a small, medium, or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows:
If he uses the maximin criterion, which size bus will he decide to purchase?
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Intelligence (IQ)
A measure of an individual's cognitive capabilities and potential, often quantified through standardized testing.
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