The following are payoffs on maximum column, N25,000, N39,000, N49,000, N25,001. Determine the Optimum solution using the maximax criterion.
N25,000.
N39,000.
—>> N49,000.
N25,001.
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The following are payoffs on maximum column, N25,000, N39,000, N49,000, N25,001. Determine the Optimum solution using the maximax criterion.
N25,000.
N39,000.
—>> N49,000.
N25,001.