Exhibit 14.7 The Following Questions Use the Information Below

question 116

Multiple Choice

Exhibit 14.7
The following questions use the information below.
A decision maker is faced with two alternatives. The decision maker has determined that she is indifferent between the two alternatives when p = 0.45.
-The maximin approach to decision-making

• A) maximizes the minimum return
• B) maximizes the maximum return
• C) maximizes the minimum regret
• D) minimizes the minimum regret