Question

Leah Johnson, director of Urgent Care of Brookline, wants to increase capacity to provide low- cost flu shots but must decide whether to do so by hiring another full- time nurse or by using part- time nurses. The table below shows the expected costs of the two options for three possible demand levels:


a) Using expected value, what should Ms. Johnson do?
b) Draw an appropriate decision tree showing payoffs andprobabilities.


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  • CreatedMarch 20, 2014
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