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MAXIMAX method
Maximax method is based upon 'extreme optimism' the decision maker chooses that particular strategy which corresponds to the maximum of the maximum pay off for every strategy
Illustration
By using the above illustration:
Max. profits row maxima
Product A
+8
Product B
+12
Product C
+16
Ranking by using the MAXIMAX method = CBA
A sell a watch to B at gain of 20% and B sell to C at loss of 10%. if C pays @ 432, how much did A pays for it.
Determine or find out if the following series converges or diverges. If it converges find out its value. Solution We first require the partial sums for this series.
A triangle has vertices A (-1, 3, 4) B (3, -1, 1) and C (5, 1, 1). The area of ABC is a) 30.1 b) 82.1 c) 9.1 d) 52.1
CONSTANTS OF INTEGRATION Under this section we require to address a couple of sections about the constant of integration. During most calculus class we play pretty quick and lo
Complementary addition -what number how many things should be added to one number or group to get the other. (e.g., a classroom can seat 50 children, and 20 children are already s
the value of square root of 200multiplied by square root of 5+
INTRODUCTION : When a Class 5 child was given the problem 'If I paid Rs. 60 for 30 pencil boxes, how much did b pencil box cost?', he said it would be 60 x 30 = 1800. This
A certain flight arrives on time 78% of the time. Suppose 1000 flights are randomly selected. Use the normal approximation to the binomial to approximate the probability that a)
Using the formulas and properties from above find out the value of the subsequent summation. c The first thing that we require to do here is square out the stuff being summe
If three times the larger of the two numbers is divided by the smaller, then the quotient is 4 and remainder is 5. If 6 times the smaller is divided by the larger, the quotient is
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