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Minimax Regret CONTRACT 400u 500u 700u 900u SIZE 300u 1,500 1,200 600 500u 900 600 400 700u 300 400 800 800u 200 600 1000

Minimax Regret CONTRACT 400u 500u 700u 900u SIZE 300u 1,500 1,200 600 500u 900 600 400 700u 300 400 800 800u 200 600 1000

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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Minimax Regret CONTRACT 400u 500u 700u 900u SIZE 300u 1,500 1,200 600 500u 900 600 400 700u 300 400 800 800u 200 600 1000 Worst Regret for: 300u = 1,500 500u = 900 700u = 800 800u = 1,000 : Show computation
Transcribed Image Text:Minimax Regret CONTRACT 400u 500u 700u 900u SIZE 300u 1,500 1,200 600 500u 900 600 400 700u 300 400 800 800u 200 600 1000 Worst Regret for: 300u = 1,500 500u = 900 700u = 800 800u = 1,000 : Show computation
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