Question: 1. You're looking to work outside this summer and decided to rent some truck/trailer combos to deliver and spread pine-straw and mulch. The following represents

1. You're looking to work outside this summer and decided to rent some truck/trailer combos to deliver and spread pine-straw and mulch. The following represents the probabilities associated with the number of crews you'll be able to keep busy for the summer. Demand (trucks) 1 2 3 Probability .25 .30 .45 You estimate the summer revenue from a crew (net of fuel and maintenance costs) will be $22000. The cost to rent a truck and pay a crew for the summer is $13,000. a. Complete a payoff table that accurately reflects this situation. b. Determine the expected value, maximum loss and maximum gain for each of the options. c. Indicate which option you would select and why

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