A local real estate investor in Orlando is considering five
alternative investments: a day spa, a theater, a restaurant, a
motel, or a gift shop. Profits from the day spa, theater, gift shop
or restaurant will be affected by the cost of gasoline; profits
from the restaurant will be relatively stable under any
condition.
The following payoff table shows the profit or loss that could
result from each investment.
Determine the best investment using the minimax regret decision
criterion.
Gasoline...