Maximax and maximin


Problem:

Brooke Bentley, a business administration student, is trying to decide which Management Science course to take next quarter-I, II, or III.  Fulton, Ray, and Scott are the 3 management science professors who teach the courses.  Brooke does not know who will teach what course.  Brooke can expect a different grade in each of the courses, depending on who teaches it next quarter, as shown in the following payoff table: 

                                    Professor                                     

Course            Fulton          Ray         Scott

I                      B                 D             D

II                     C                 B              F

III                    F                 A              C

Determine the best course to take next quarter using the following criteria: Maximax & Maximin.

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Accounting Basics: Maximax and maximin
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