Lakewood fashions must decide how many lots of assorted ski, Ask an Expert

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lakewood fashions must decide how many lots of assorted ski wear to order for its 3 stores.Information on pricing,sales and inventory costs has led to the following payoff table,in thousands.

order size low demand medium high

1 lot 12 15 15
2 lots 9 25 35
3 lots 6 35 69

a)what decision should be made by the optimist
b)what decision should be made by the conservative
c)what decision should be made using minimax regret

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9444470

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