SlideShare une entreprise Scribd logo
1  sur  1
Télécharger pour lire hors ligne
donot copy from previous answers pls. Will upvote for sure.
Option 2: Raise prices by 50%. If this occurs, there is a 75% chance that an Entrepreneur will set
up in competition this year. The board's estimate of its annual profit in this situation would be as
follows: Option 3: Expand the car park quickly at a cost of Sh. 50,000 keeping prices theSame.
The profits are then estimated to be like 2B above, except that the probabilities would be 0.6,0.3
and 0.1 respectively. Required: Draw a decision tree for the above problem, including all the
relevant data. Using expected values analyze the decision tree and recommend the best option to
the owners of the car park.

Contenu connexe

Plus de adamsapparelsformen

Does anyone have a photo of the completed moon map I need t.pdf
Does anyone have a photo of the completed moon map I need t.pdfDoes anyone have a photo of the completed moon map I need t.pdf
Does anyone have a photo of the completed moon map I need t.pdf
adamsapparelsformen
 
Do it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdf
Do it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdfDo it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdf
Do it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdf
adamsapparelsformen
 
DNA exits mostly as a double stranded molecule Because of .pdf
DNA exits mostly as a double stranded molecule Because of .pdfDNA exits mostly as a double stranded molecule Because of .pdf
DNA exits mostly as a double stranded molecule Because of .pdf
adamsapparelsformen
 
Dispersed Workplace A Case Study Your nonprofit organizatio.pdf
Dispersed Workplace A Case Study Your nonprofit organizatio.pdfDispersed Workplace A Case Study Your nonprofit organizatio.pdf
Dispersed Workplace A Case Study Your nonprofit organizatio.pdf
adamsapparelsformen
 
Discussion Prompt Fake news and whos responsible In your .pdf
Discussion Prompt Fake news and whos responsible In your .pdfDiscussion Prompt Fake news and whos responsible In your .pdf
Discussion Prompt Fake news and whos responsible In your .pdf
adamsapparelsformen
 

Plus de adamsapparelsformen (20)

Does anyone have a photo of the completed moon map I need t.pdf
Does anyone have a photo of the completed moon map I need t.pdfDoes anyone have a photo of the completed moon map I need t.pdf
Does anyone have a photo of the completed moon map I need t.pdf
 
Document your result for H influenzae below 1 What is the.pdf
Document your result for H influenzae below 1 What is the.pdfDocument your result for H influenzae below 1 What is the.pdf
Document your result for H influenzae below 1 What is the.pdf
 
Doal gaz doru bir ekilde tanmlayan ifadeyi sein Fracking.pdf
Doal gaz doru bir ekilde tanmlayan ifadeyi sein  Fracking.pdfDoal gaz doru bir ekilde tanmlayan ifadeyi sein  Fracking.pdf
Doal gaz doru bir ekilde tanmlayan ifadeyi sein Fracking.pdf
 
Do it in Java Problem4 Natural Language Processing Writ.pdf
Do it in Java Problem4 Natural Language Processing Writ.pdfDo it in Java Problem4 Natural Language Processing Writ.pdf
Do it in Java Problem4 Natural Language Processing Writ.pdf
 
Diyelim ki mevcut d politikann aksine ABD ve Meksika farkl .pdf
Diyelim ki mevcut d politikann aksine ABD ve Meksika farkl .pdfDiyelim ki mevcut d politikann aksine ABD ve Meksika farkl .pdf
Diyelim ki mevcut d politikann aksine ABD ve Meksika farkl .pdf
 
Do it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdf
Do it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdfDo it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdf
Do it in Java Please ExamPrep4_Spring2023 Source Packages lo.pdf
 
DNA replikasyonundan geen bakterileri moleklleri izlemeni.pdf
DNA replikasyonundan geen bakterileri moleklleri izlemeni.pdfDNA replikasyonundan geen bakterileri moleklleri izlemeni.pdf
DNA replikasyonundan geen bakterileri moleklleri izlemeni.pdf
 
DNA exits mostly as a double stranded molecule Because of .pdf
DNA exits mostly as a double stranded molecule Because of .pdfDNA exits mostly as a double stranded molecule Because of .pdf
DNA exits mostly as a double stranded molecule Because of .pdf
 
Dk bir gerileme R2 u anlama gelir A sol taraftaki d.pdf
Dk bir gerileme  R2  u anlama gelir   A  sol taraftaki d.pdfDk bir gerileme  R2  u anlama gelir   A  sol taraftaki d.pdf
Dk bir gerileme R2 u anlama gelir A sol taraftaki d.pdf
 
Divisional Income Statements and Retum on fnvestment Analysi.pdf
Divisional Income Statements and Retum on fnvestment Analysi.pdfDivisional Income Statements and Retum on fnvestment Analysi.pdf
Divisional Income Statements and Retum on fnvestment Analysi.pdf
 
discussing Monopolies and Externalities Positive and Negati.pdf
discussing Monopolies and Externalities Positive and Negati.pdfdiscussing Monopolies and Externalities Positive and Negati.pdf
discussing Monopolies and Externalities Positive and Negati.pdf
 
Distinguish time clauses from conditions and name the types .pdf
Distinguish time clauses from conditions and name the types .pdfDistinguish time clauses from conditions and name the types .pdf
Distinguish time clauses from conditions and name the types .pdf
 
Dispersed Workplace A Case Study Your nonprofit organizatio.pdf
Dispersed Workplace A Case Study Your nonprofit organizatio.pdfDispersed Workplace A Case Study Your nonprofit organizatio.pdf
Dispersed Workplace A Case Study Your nonprofit organizatio.pdf
 
Discuta los mritos relativos de la codificacin manual en c.pdf
Discuta los mritos relativos de la codificacin manual en c.pdfDiscuta los mritos relativos de la codificacin manual en c.pdf
Discuta los mritos relativos de la codificacin manual en c.pdf
 
Discussion Board Death and Dying The Conversation We Want.pdf
Discussion Board  Death and Dying The Conversation We Want.pdfDiscussion Board  Death and Dying The Conversation We Want.pdf
Discussion Board Death and Dying The Conversation We Want.pdf
 
Discussion Prompt Fake news and whos responsible In your .pdf
Discussion Prompt Fake news and whos responsible In your .pdfDiscussion Prompt Fake news and whos responsible In your .pdf
Discussion Prompt Fake news and whos responsible In your .pdf
 
Discussion Board Regression Step 1 Provide a setting for .pdf
Discussion Board Regression Step 1 Provide a setting for .pdfDiscussion Board Regression Step 1 Provide a setting for .pdf
Discussion Board Regression Step 1 Provide a setting for .pdf
 
Discussion 4 Business Supports Discussion Description Plea.pdf
Discussion 4 Business Supports Discussion Description Plea.pdfDiscussion 4 Business Supports Discussion Description Plea.pdf
Discussion 4 Business Supports Discussion Description Plea.pdf
 
Discuss ways to improve cultural competence at the workplace.pdf
Discuss ways to improve cultural competence at the workplace.pdfDiscuss ways to improve cultural competence at the workplace.pdf
Discuss ways to improve cultural competence at the workplace.pdf
 
Discuss how health informatics evolved from being a concept .pdf
Discuss how health informatics evolved from being a concept .pdfDiscuss how health informatics evolved from being a concept .pdf
Discuss how health informatics evolved from being a concept .pdf
 

Dernier

Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 
An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
SanaAli374401
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
heathfieldcps1
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
MateoGardella
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 

Dernier (20)

How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 

donot copy from previous answers pls Will upvote for sure .pdf

  • 1. donot copy from previous answers pls. Will upvote for sure. Option 2: Raise prices by 50%. If this occurs, there is a 75% chance that an Entrepreneur will set up in competition this year. The board's estimate of its annual profit in this situation would be as follows: Option 3: Expand the car park quickly at a cost of Sh. 50,000 keeping prices theSame. The profits are then estimated to be like 2B above, except that the probabilities would be 0.6,0.3 and 0.1 respectively. Required: Draw a decision tree for the above problem, including all the relevant data. Using expected values analyze the decision tree and recommend the best option to the owners of the car park.