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B.F. Retread, a tire manufacturer, wants to select one of three feasible prototype designs for a...

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Finance

B.F. Retread, a tire manufacturer, wants to select one of threefeasible prototype designs for a new tire; A, B, C. Revenues Low(0.30) Medium (0.50) High (0.20) A 120,000 255,000 390,000 B130,000 295,000 460,000 C 100,000 300,000 480,000 What is the bestdecision using the maxi-min approach to decision making?

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B.F. Retread, a tire manufacturer, wants to select one of threefeasible prototype designs for a new tire; A, B, C. Revenues Low(0.30) Medium (0.50) High (0.20) A 120,000 255,000 390,000 B130,000 295,000 460,000 C 100,000 300,000 480,000 What is the bestdecision using the maxi-min approach to decision making?

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