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A couple has just purchased a victorian home to remodel into a bed and breakfast...

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Accounting

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A couple has just purchased a victorian home to remodel into a bed and breakfast restaurant. Table their expected profit (dollar 000s) the first year, depending on how many rooms they choose to remodel and demand. Using the information in Table 2.3, What decision would be made if the minimax regret criterion is used? What is the value of the decision? Using the information in Table 2.3, What decision would be made if the equally likely criterion is used? What is the value of the decision? Using the information in Table 2.3, What is the expected value with perfect information? what is the expected value of perfect information

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