Answer for c

Danial just got graduated from UTP and still looking for a job. Unfortunately, due to COVID-19 pandemic, it seemed quiet challenging to find a job that could match his qualification. Luckily, his father got some saving and proposed him to start a self- laundry shop, while waiting for a job offer. Danial has identified potential shop for rent closer to his university that may attract students there. He got three options: to open a small shop (renting 1 shop); medium shop (renting 2 shops adjacent to each other); or abandon this idea totally. There are three possibilities for the self-laundry market condition namely: good demand, average demand, and poor demand. Based on the survey conducted earlier at this area, the probabilities for each condition are 0.25, 0.4 and 0.35, respectively. In good demand, the small and medium shop can potentially gain RM23,000 and RM37.000 monthly profits, respectively. In average demand, the small and medium shop could gain RM10,000 and RM16,000 monthly profits, respectively. In poor demand, the small shop could lose RM8,000 per month. For the medium shop, the loss could even be higher, at RM25,000 per month necessary steps and calculations (15 marks) c) If Danial did not have the survey information, what would be the best option for him? Justify your answer (15 marks) d) If there is a consultant who claim she can give perfect information about future