pls help BA 3350 Quantitative Business Analysis Spring 2023 Homework Assignment \#...
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BA 3350 Quantitative Business Analysis Spring 2023 Homework Assignment \# 120 Points Due Date: Jan 31 (Tuesday) Problem 1: The Palm Tree Resort is considering the construction of an additional wing. Management is considering evaluating the possiblity and adding 30,40 , or 50 rooms. The success of the addition depends on a combination of local government legislation and competition in the field. The four states of nature along with the anticipated profit/loss payoffs (in millions) are given below. If the decision maker knows nothing about the probability factor for the states of nature, specify the best alternative for the following approaches (need to show your work neatly to get full credit): A. Optimistic (1 Point) B. Pessimistic (1 Point) C. LaPlace (2 Points)
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