Q22
Drag & drop
DRAG DROP
A company is choosing between three projects, Project L, Project M and Project N using minimax regret.
The outcome from each project is dependent on competitor reaction. If this is passive returns will be L
$4,000, M $3,500 and N $5,200. If it is aggressive returns will be L $3,200, M $2,800 and N $2,950. Place the tokens into the table to show the maximum regret for each project and whether the project would be
undertaken using minimax regret.
This image-based item is not auto-scored. Review the diagram, then compare with the answer image.
