Your company, Hart Ski Hills, has decided to add a new ski run for the next season and you have been provided with the table shown below.  The decision is based on three possible states of snow fall during the ski season.  The decision is between a basic (Bunny) slope, an intermediate slope and an expert slope.  You have been asked to provide the following:  Develop a Decision table and answer the following questions.

a)      What is the maximax decision?

b)     What is the maximin decision?

c)      What is the equally likely decision?

d)     Develop a decision tree.  Find the EMV.

	States (thousands)
	More than 300 cm	Less than 300 cm,  more than 200 cm	Less than 200 cm
Probability	0.2	0.5	0.3
Basic	100	60	-10
Intermediate	200	50	-40
Experienced	300	40	-100

Answer rating: 100% (QA)

To analyze the decision problem lets create a decision table based on the given information States P... View the full answer