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Enter the correct shirt order number from the Payoff Table: 1. Maximin Rule: ____ Shirt order    2. Maximax Rule: ____ Shirt order    3. Expected Payoff Rule: ____ Shirt order  Decision $ Payoff Table by Game Outcome Shirt Order Win Lose Tie Options Prob=0.5 0.4 0.1 0 0 0 0 1000 800 -200 200 2000 1600 -1500 100

Enter the correct shirt order number from the Payoff Table: 1. Maximin Rule: ____ Shirt order    2. Maximax Rule: ____ Shirt order    3. Expected Payoff Rule: ____ Shirt order  Decision $ Payoff Table by Game Outcome Shirt Order Win Lose Tie Options Prob=0.5 0.4 0.1 0 0 0 0 1000 800 -200 200 2000 1600 -1500 100

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Enter the correct shirt order number from the Payoff Table:

  • 1. Maximin Rule: ____
  • Shirt order 

 

  • 2. Maximax Rule: ____
  • Shirt order 

 

  • 3. Expected Payoff Rule: ____
  • Shirt order 

Decision

$ Payoff Table by Game Outcome

Shirt Order

Win

Lose

Tie

Options

Prob=0.5

0.4

0.1

0

0

0

0

1000

800

-200

200

2000

1600

-1500

100
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