Describe how the following criteria are applied to a decision problem in which the object is maximization
a. Maximax
b. Maximin
c. Minimax regret
a. For maximax, choose the decision with the largest payoff.
b. For maximin, choose the decision that maximizes the minimum payoff.
c. For minimax regret, compute the opportunity losses as the difference between the best (largest) payoff and any other payoff for each event. Then minimize the maximum opportunity loss.
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An experiment consists of throwing two six-sided dice and observing the number of spots on the upper faces. Determine the probability that a.the sum of the spots is 3.b.each die shows four or more spots.c.the sum of the spots is not 3.d.neither a one nor a six appear on each die.e.a pair of sixes appear.f.the sum of the spots is 7.
What will be an ideal response?
The new ________ salary for 12 ________ is $90,000
A) principal's/ months' B) principals/months C) principal's/months D) principals'/months
Answer the following statements true (T) or false (F)
1.The interpersonal level of self is motivated by self-interest. 2.Cultural misunderstanding is frequently caused by a lack of awareness of differences in cultures. 3.Social awareness is the ability to understand what one is feeling and how to direct those feelings. 4.People who do not trust others often are viewed by others as untrustworthy themselves. 5.The human value orientation views people and relationships in a negative manner.
When preparing a business message, you should make your writing audience oriented. Audience oriented means you should A) write to solve a problem or convey information
B) attempt to get your audience to believe and accept your message. C) present ideas clearly but concisely. D) concentrate on looking at the problem from the receiver's perspective.