BOTHOMUU & DMUR - on the LINK ONLY -- Be sure to include: Work Summary Tables, and Supporting Conclusions! * This practice is similar to your TEST 1 - PRACTICE Semider the following decision matrix presenting set profitloss estimates regarding an investment project: ales in MILLIONS DEMAND LOW Small 3 Medium 3 Large 7 EQUIPMENT USED MEDIUM 7 2 8 HIGH 11 9 9 DMIT Considering that the probabilities applicable to demand are not known. sbow the decision recommendations from the point of view of perfect optimism perfect pessimisme optimism at a-6, conservatism (equal likelihoody and minimization regrets. Do you see a pattern? If so, wlach equipment would you choose? Explain. 2 DVUR. Cennider now that the probabilities for demand being low, medium and high have been calculated as 30, 50, and 20, respectively. By using a decisione, find the expected value the standard deviation, and the coefficient of variation for each sice of equipment. Which sie of equipment would you recommend on the basis of each of the three coefficients of variation that you calculated 3. NORMAL DISG Referring to the Z-Table, calculate the probability that each alternative (each different equipment will turn out at LEAST 5 8 profil? What is the likelilood that each alternative will produce a profit of MOST S 77 Reminder: POST ON THE LINK - WORK, SUMMARY TABLES, AND CONCLUSIONS WITH REASONS! FAIR WARNING: In each exercise during the course, there is always a weak (change in format or a number here or a number there) from previous semesters. Solve and answers the questions posted. Realize that similar questions may not have the correct answers or format. You will be heavily penalized for plagiarism