Mathematics · Decision Theory and Minimax Regret
The Mobile Sandwich Co sells sandwiches daily. Demand varies between 325 and 400 sandwiches. The table below shows the regret (profit foregone) for each supply level under varying demand: Supply / Demand | 325 | 350 | 375 | 400325 | $0 | $36 | $82 | $142350 | $21 | $0 | $40 | $90375 | $82 | $44 | $0 | $52400 | $120 | $78 | $34 | $0 Applying the minimax regret decision criterion, how many sandwiches should the company decide to supply each day?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1400
- 2375✓
- 3350
- 4325
Correct answer
375
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