If the decision maker knows nothing about the probabilities of the three states of nature, what is the recommended decision using the optimistic, conservative, and minimax regret approaches
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Ответ:
15%
Explanation:
Given that :
Operating expenses = $94000
Operating assets = $40,000
Sales = $100,000
Return on investment = profit / operating asset
Profit = sales - operating expenses
Profit = (100,000 - 94000) = $6000
Return on investment = $6000 / $40000 = 0.15
= 0.15 * 100% = 15%