Consider the Following to Answer the Question(s) Below

question 1

Multiple Choice

Consider the following to answer the question(s) below:
A group is planning a fundraising concert. They must decide whether to hold the event indoors or out. The weather, specifically, whether or not it rains that day, will affect the amount raised by the event. The payoff table is shown below:
Action Weather Conditions

-According to the maximin approach, the group should

• A) hold the concert indoors.
• B) hold the concert outdoors.
• C) hold the concert outdoors if it does not rain.
• D) hold the concert indoors if it rains.
• E) hold the concert indoors if it does not rain.

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