The Minimax Regret Criterion

question 55

Multiple Choice

The minimax regret criterion

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

---

Definitions:

Compounded Monthly

Interest that is calculated and added to the account balance every month.

Periodic Interest Rate

The interest rate charged or paid over a specific period of time, often monthly, quarterly, or annually.

Conditional Sale Contracts

Agreements where the sale of goods or property is conditional upon certain terms, typically the buyer making payments over a period, with the title remaining with the seller until conditions are met.

Purchase Price

The amount of money paid to acquire a good, service, or asset.