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A cell phone manufacturer is considering introducing one of two new cell phone models: Premium or Basic. Expected payoffs under three possible economy scenarios are provided below. What is the optimal decision using the Minimax method? Min(300,200,200)=200. Optimal Decision: Premium Phone. Max(200,300)=300. Optimal Decision: Basic Phone. Min(200,300)=200. Optimal Decision: Basic Phone. Min(200,300)=200. Optimal Decision: Premium Phone. A cell phone manufacturer is considering introducing one of two new cell phone models: Premium or Basic. Expected payoffs under three possible economy scenarios are provided below. What is the optimal decision using the Maximin method? Min(-300,-100)=-300. Optimal Decision: Premium Phone Max(300,100)=100. Optimal Decision: Basic Phone Max(600,300)=600. Optimal Decision: Premium Phone Max(300,100,300)=300. Optimal Decision: Basic Phone A cell phone manufacturer is considering introducing one of two new cell phone models: Premium or Basic. Expected payoffs under three possible economy scenarios are provided below. What is the optimal decision using the Minimax method? Min(300,200,200)=200. Optimal Decision: Premium Phone. Max(200,300)=300. Optimal Decision: Basic Phone. Min(200,300)=200. Optimal Decision: Basic Phone. Min(200,300)=200. Optimal Decision: Premium Phone. A cell phone manufacturer is considering introducing one of two new cell phone models: Premium or Basic. Expected payoffs under three possible economy scenarios are provided below. What is the optimal decision using the Maximin method? Min(-300,-100)=-300. Optimal Decision: Premium Phone Max(300,100)=100. Optimal Decision: Basic Phone Max(600,300)=600. Optimal Decision: Premium Phone Max(300,100,300)=300. Optimal Decision: Basic Phone

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