Question: Dulz: MA 2: Decision Making Models Question 7 1 pts Arice importer has three sources: Thailand, Vietnam, and China. Unfortunately, the annual amount of rice

Dulz: MA 2: Decision Making Models Question 7 1
Dulz: MA 2: Decision Making Models Question 7 1 pts Arice importer has three sources: Thailand, Vietnam, and China. Unfortunately, the annual amount of rice harvested is heavily dependent upon the amount of rainfall during the growing season. The tables below show probabilities and prices for wet, dry, and normal growing seasons. Rice is sold in tons. PROBABILITIES Wet Dry Normal Thailand 0.5 0.2 0.3 Vietnam 0.6 0.3 0.1 China 0.4 0.4 0.2 Price per Pound ($) Wet Dry Normal Thailand 0.95 1.10 1.00 Vietnam 0.85 120 0.98 China 0.90 115 105 This is a maximization problem. True False

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