Question: In Problem S1-10, suppose Amtrex is able to assign probabilities to each of the states of nature for each of the suppliers/ ports as follows:

In Problem S1-10, suppose Amtrex is able to assign probabilities to each of the states of nature for each of the suppliers/ ports as follows:

a. Using expected value, determine the port/supplier Amtrex should use.
b. Based on the results from Problem S1-10, and the result from part a, is there a best overalldecision?

States of Nature Declining Same Growth Hong Kong Singapore Shanghai 45 .51 28 18 15 Kaohsiung 38

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