MYour answer is ready - X *Course Hero x e Home - Montclair Stat X Quiz: M5 Quiz: Decision X *Course Hero x e Home - Montclair Sta X Course Hero X + V X montclair.instructure.com/courses/173582/quizzes/395776/take/questions/8273382 IS : M Gmail YouTube Maps that instead, they will sell it to private equity company for $6.9 million over the construction cost. On the other SUMMER 2023 hand, instead of the shopping center, they can build the large apartment complex with 1,600 units. If the Home apartments are built, LaToya predicts that there is a 85% chance that the apartments can be sold to a real estate investment corporation for $3,900 each over construction cost and a 15% that they can be sold for only Announcements $2,800 each above the construction cost. Account Syllabus If the land is not rezoned, LaToya will comply with the existing zoning requirements and build 170 single-family People homes, where they will make $9,000 profit above construction cost on each one. Dashboard Modules LaToya faces a dilemma. Should they buy the land? If they buy the land and rezoning is approved, what should they do with the land? Help LaToya by analyzing the problem. Courses Grades 4 Develop a decision tree for this problem and determine the optimal decision strategy. USE THE DRAWING Zoom TOOLS IN WORD OR POWERPOINT (OR SILVER DECISIONS), CREATE AND SOLVE THE DECISION TREE. Groups SAVE THE FILE AND UPLOAD IT HERE. YOU MUST NOT ONLY CREATE AND SOLVE THE DECISION TREE, EvaluationKIT YOU MUST ALSO PROVIDE A ONE- OR TWO-SENTENCE COMPLETE RECOMMENDATION FOR THIS Course COMPLEX DECISION. Calendar Library Resources Upload Choose a File Inbox History Follett Previous Follett Discover ? Quiz saved at 2:57pm Submit Quiz Help 1 NASDAQ Q Search myhp P 2:58 PM +0.96% 7/25/2023MYour answer is ready - X *Course Hero x e Home - Montclair Stat X Quiz: M5 Quiz: Decision X Course Hero x e Home - Montclair Sta X Course Hero X + V X montclair.instructure.com/courses/173582/quizzes/395776/take/questions/8273382 I S M Gmail YouTube Maps I Day, 1 Hour, 4 Minutes, 47 SUMMER 2023 Seconds D Question 5 10 pts Home Announcements LaToya Jones is contemplating investing in development of a beach-front community on the Gulf of Mexico in Account Syllabus Florida's panhandle near Pensacola. Her investment group, LTJ, would first purchase the large plot of land and then begin development. The land area is currently zoned for residential single-family housing, but La Toya is People planning to apply for re-zoning. The decision on what to build on the land will depend on whether re-zoning Dashboard Modules will be approved. LaToya's decision on whether or not to purchase the land will depend on the following costs, options, and probabilities: Courses Grades 4 The land costs $2.5 million. If LaToya decides to purchase the land, LTJ will submit an application for rezoning. Zoom There is a 40% possibility that the rezoning will be approved. If the rezoning is approved, there will be an Groups EvaluationKIT additional cost of $1.9 million dollars for new roads, water supply, sewage, gas, and electric. Course If the rezoning is approved, LaToya will need to decide whether to build a shopping center or a large apartment Calendar Library Resources complex. If the shopping center is chosen, there is a 70% chance that they will be able to sell the shopping center to a large department store chain for $5.5 million over her construction cost. There is a 30% chance that instead, they will sell it to private equity company for $6.9 million over the construction cost. On the other Inbox hand, instead of the shopping center, they can build the large apartment complex with 1,600 units. If the apartments are built, LaToya predicts that there is a 85% chance that the apartments can be sold to a real History estate investment corporation for $3,900 each over construction cost and a 15% that they can be sold for only $2,800 each above the construction cost. Follett If the land is not rezoned, LaToya will comply with the existing zoning requirements and build 170 single-family Follett homes, where they will make $9,000 profit above construction cost on each one. Discover LaToya faces a dilemma. Should they buy the land? If they buy the land and rezoning is approved, what should ? they do with the land? Help LaToya by analyzing the problem. Help Develop a decision tree for this problem and determine the optimal decision strategy. USE THE DRAWING TOOLS IN WORD OR POWERPOINT (OR SILVER DECISIONS), CREATE AND SOLVE THE DECISION TREE. 1 NASDAQ 2:57 PM +0.96% Q Search 9 P 7/25/2023