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price and sales demand (units)
$4 Best possible 16000
Most likely 14000
Worst possible 10000$4.30 Best possible 14000
Most likely 12500
Worst possible 8000$4.40 Best possible 12500
Most likely 12000
Worst possible 6000fixed cost $20000 and variable cost $2 per unit
Sir can u show me the minimax regret table and what price should i choose using minimax regret
It is not really possible to produce a table in this space.
You must have an answer in whichever book you found the question, and so you should ask about which bit of the answer you are not understanding.
(I assume that you have watched my free lectures on this? The lectures are a complete free course and cover everything needed to be able to pass the exam well.)
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