MGT $304$ Quantitative Methods for Business

Dr$.$ Thamer Almutairi

Assignment $2$

Due: May $9,2024($at $5pm)$

Problem $1$: Given the following conditional value table, determine the appropriate decision under uncertainty using:

$\backslash$table$[[$ALTERNATIVES$,$STATES OF NATURE$],[\backslash$table$[[$VERY FAVORABLE$],[$MARKET$]],\backslash$table$[[$AVERAGE$],[$MARKET$]],\backslash$table$[[$UNFAVORABLE$],[$MARKET$]]],[$Build new plant,$$350,000,$$$240,000,-$$$300,000$