SHIFTERS HAULAGE (DECEMBER 2008)

You could have mentioned minimax regret and got credit for it. However the examiners answer just mentions the methods that were mentioned in part (a). In part (d) the wording of the question is poor (and the examiner has changed since this question was asked). Minimax regret (and the other methods in part (a)) do not measure or assess the risk involved. (However it is a pretty minor point given the number of marks involved :-) )