1. Your parents want to invest in the hospitality business . The profits your parents will get will be shown in this table below : State of Nature Decision Stable Increase Houses 70.000 30.000 Shopping centre Lease B&B 105.000 20.000 40.000 40.000 Please determine the best investment according to the following decision : А. Махimax В. Махimin C. Minimax regret D. Hurwicz (alpha = 0,2) E. Equal likelihood

1. Your parents want to invest in the hospitality business . The profits your parents will get will be shown in this table below : State of Nature Decision Stable Increase Houses 70.000 30.000 Shopping centre Lease B&B 105.000 20.000 40.000 40.000 Please determine the best investment according to the following decision : А. Махimax В. Махimin C. Minimax regret D. Hurwicz (alpha = 0,2) E. Equal likelihood

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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