A pizza restaurant is deciding among three options: Option 1: to open a second restaurant at a
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Question:
A pizza restaurant is deciding among three options:
Option 1: to open a second restaurant at a cost of $75,000.?
Doing so will have an 80% change of success which will earn $122,000. Failure will result in earnings of $30,000.?
- Option 2: to add a takeaway and delivery service to their existing restaurant at a cost of $16,000.?
- Doing so will have a 50% change of success which will earn $80,000. Failure will result in a loss of $10,000.?
- Do nothing?
Sketch a decision tree and determine which option the Pizza restaurant should choose.?
Related Book For
Essentials Of Statistics For The Behavioral Sciences
ISBN: 9781464107771
3rd Edition
Authors: Susan A. Nolan
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