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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
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Determine the linear approximation for f(x)= sin delta at delta =0
A venn diagram is a pictorial representation of the sample space of an experiment. It is usually drawn as a rectangular figure representing the sample space and it cont
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