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a) An indigenous Zambian Investor wants to decide which of the three sectors he should invest his money. The profit from
Posted: Fri Jul 01, 2022 8:39 am
by answerhappygod
- A An Indigenous Zambian Investor Wants To Decide Which Of The Three Sectors He Should Invest His Money The Profit From 1 (21.17 KiB) Viewed 47 times
a) An indigenous Zambian Investor wants to decide which of the three sectors he should invest his money. The profit from each sector is dependent on the changes in demand during the investment periods. The investor has categorised changes in demand as high, medium and low. His estimated profit for each sector is shown in the table below: Changes in Demand High Medium Energy Sector $3,500 $4,500 Low $2,000 $5,000 If the investor wishes to invest his money only in one sector, decide which sector will be his choice using: Agriculture Sector $8,000 $4,500 ii. iii. Tourism Sector $5,000 $5,000 $4,000 Maximax Criterion (Optimistic Approach) Maximin Criterion (Conservative Approach) Minimax Criterion (Regret Approach)