Answer to Question #69508 in Other Marketing for anthony
The following information is also available.
Conditions Alternative prices
Sh. 4.00 Shs. 4.30 Shs. 4.40
Best possible 16,000 14,000 12,500
Most likely 14,000 12,500 12,000
Worst possible 10,000 8,000 6,000
Advice the company on the best price to charge using:
i. Maximin method
ii. Minimax regret criterion
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