Question: answer question 19 use 1 for reference Question 19 1 pts For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage,

answer question 19 use 1 for reference Question

answer question 19 use 1 for reference Question

answer question 19 use 1 for reference

Question 19 1 pts For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage, stable supply and surplus are .5, .3 and .2. Then compute the expected value of perfect information, it is (type number only, no decimals, no dollar sign) Question 1 A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment. Based on the Maximax criteria, the investor should choose Investment Motel Restaurant Theater Shortage $-8,000 2,000 6,000 Gasoline Availability Stable Supply 1 pts $15,000 8,000 6,000 Surplus $20,000 6,000 5,000

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