Question

42. The expected pay-off per unit for four different type of biscuits at various level of
sales are estimated by marketing manager as follows:
Estimated levels of sales of units
50,000
10,000
8,000
Creamy Biscuits 13
5
5
Plain Biscuits
7
3 1
Salty Biscuits
35
1
Cracker Biscuits 20
13
4.
If the marketing manager decides to apply maximin criterion then he launches
biscuits.
Creamy​

Answer 1

Answer:

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Step-by-step explanation:

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