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    Determine using Maximax & Maximin

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    Brooke Bentley, a business administration student, is deciding which MS course to take-I, II, or III. Fulton, Ray, and Scott are the 3 management science professors. Brooke does not know who will teach yet but can expect a different grade in each course, depending on who teaches it next quarter, as shown in the following payoff table:
    Course Fulton Ray Scott
    I B D D
    II C B F
    III F A C
    Determine using Maximax & Maximin.

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    Solution Summary

    The expert determines maximax and maximin for a function. A complete, neat and step-by-step solution is provided in the attached file.