Cost Basic 25 0 0 0 Question 37 to 50 A popular e-commerce company caters to online food ordering and dining customers. They have three plans in which customer can opt for given below (In Rs): Delivery Cost Per Delivery Cost Per Annual Discount on Plans Meal Meal Dining Meal Membership without Surge with Surge 0.00% 50 0 Pro 25.00% 25 2000 Pro Plus 40.00% 4000 A typical customer has the following three scenarios for annual demand: No of No of Delivery Meals No of Delivery Meals Dining meals without surge with surge Scenario 1 30 Scenario 2 Scenario 3 50 50 50 On average, a dining meal cost at Rs 400 in restaurant (without any discount) and delivery meal cost Rs. 250 (Without any delivery charges). A typical customer decides her decision to choose plan based on the total annual cost (dining meal cost after discount + delivery meal cost including delivery charge + membership cost). Question 37 to 45 Please find the total annual cost for different combination of plan and scenarios Scenario 1 Scenario 2 Scenario 3 Basic Q No 37 No 38 No 39 Pro No 40 Q No 41 O No 42 Pro Plus Q No 43 Q No 44 No 45 10 30 0 30 80 Question 46 In case a typical customer being pessimistic in her approach, which plan she will select basing on total annual cost? Question 47 In case a typical customer being optimistic in her approach, which plan she will select basing on total annual cost? Question 48 In case a typical customer uses Minimax Regret approach, which plan she will select basing on total annual cost? Question 49 If the probabilities of scenarios are as follows: Scenario 1 Scenario 2 Scenario 3 Probability 0.5 0.3 0.2 Using the expected value approach, which plan she will select? Question 50 Using the probabilities of scenarios mentioned above, what is expected value of perfect information