allowance. Additional miles receive a surcharge on a per$-$mile basis. The monthly lease cost, the mileage allowance, and the cost for additional miles follow:

$15,000$ miles per year, or $$13,644$ if he drives $18,000$ miles per year.

$($a$)$ What is the decision, and what is the chance event?

$($b$)$ Construct a payoff table. $($Enter your answers in $ $).$

$EV($ Dealer $A)=$$

$EV($ Dealer $B)=$$

$EV($ Dealer $C)=$$

The best decision is

$($e$)$ Develop a risk profile for the decision selected in part $($d$).$ What is the most likely cost, and what is its probability? $($Submit a file with a maximum size of $1$ MB$.)$

No file chosen

This answer has not been graded yet.

$EV($ Dealer $A)=$$$$

$EV($ Dealer $B)=$$

$EV($ Dealer $C)=$$$$

The best decision $is----$Select$---$