AWON SONY SECTION : ANSWER TWO QUESTIONS ONLY QUESTION FOUR 5 + Sund is considering the introduction of res service hewa Cork and Malaga, at price of E170 per return journey. In light of recent mal in de travel industry and ensure on poing financial viabaty w services operated by Sunir lad met be pable of generating a budgeted in a profit of at least 200,000 Total sed consected with the proposal for the coming year we belted E700,000 Buled projections and corresponding probabilities for propese service are as shown below Best Possible Warst Possible Most Likely Outcome Cute Number of 25,000 10,000 20,000 (probability 0.45) probability-023 (probability - 0 0 9 PU 5 V Best Possible Worst Pensible Outcome Chame Variable cast E92 CH-0 Pretum flight (prolly -0.20) (probability 0.65) Most Likely Outcome 100 (probability -0.15 Required: A) Using decision tree analysis incorporating the expected value prach) alvise Sun Airl.id as to the likely profitability of the propose Cork to Malaga etum service for the coming year. Show all your working and state closely any assumptions that you make (25 mars (B) Lid and briefly explain three non-acial factors that SunAir lod should consider prior to making the final decision on whether or not to proceed with the proposed service (10 marks) (C) Prepare a short memorandum advising SunAir Lad on the distinction between risk. and certain'. In addition, explain the term "expected value of perfect information and state how it can be determined note specific cakulations are not required) (15 mars (Total: 50 mark) AWON SONY SECTION : ANSWER TWO QUESTIONS ONLY QUESTION FOUR 5 + Sund is considering the introduction of res service hewa Cork and Malaga, at price of E170 per return journey. In light of recent mal in de travel industry and ensure on poing financial viabaty w services operated by Sunir lad met be pable of generating a budgeted in a profit of at least 200,000 Total sed consected with the proposal for the coming year we belted E700,000 Buled projections and corresponding probabilities for propese service are as shown below Best Possible Warst Possible Most Likely Outcome Cute Number of 25,000 10,000 20,000 (probability 0.45) probability-023 (probability - 0 0 9 PU 5 V Best Possible Worst Pensible Outcome Chame Variable cast E92 CH-0 Pretum flight (prolly -0.20) (probability 0.65) Most Likely Outcome 100 (probability -0.15 Required: A) Using decision tree analysis incorporating the expected value prach) alvise Sun Airl.id as to the likely profitability of the propose Cork to Malaga etum service for the coming year. Show all your working and state closely any assumptions that you make (25 mars (B) Lid and briefly explain three non-acial factors that SunAir lod should consider prior to making the final decision on whether or not to proceed with the proposed service (10 marks) (C) Prepare a short memorandum advising SunAir Lad on the distinction between risk. and certain'. In addition, explain the term "expected value of perfect information and state how it can be determined note specific cakulations are not required) (15 mars (Total: 50 mark)