Question: Please provide FULL explanation. Include all calculations, graphs and diagrams. Please do a handwritten solution. Thanks Question 1 Softdrink Sdn Bhd, a soft-drink vendor for

Please provide FULL explanation. Include all calculations, graphs and diagrams. Please do a handwritten solution. Thanks

Please provide FULL explanation. Include all

Question 1 Softdrink Sdn Bhd, a soft-drink vendor for National Day annual festival, created a conditional values for the various alternatives (i.e. stocking decision) and states of nature (i.e. size of crowd). Alternatives Large stock Average stock Small stock States of nature (demand) Big Average Small $20,000 $12,000 $2,000 $15,000 $10,000 $6,000 $ 9,000 $7,000 $4,000 1. Determine the appropriate decision under uncertainty using a. Maximax b. Maximin c. Equally Likely 2. Assume that it is now possible to estimate a probability of 0.3, 0.45 and 0.25 for big, average and small demand, respectively, determine the best decision using expected monetary value (EMV) 3. Construct a decision tree for this

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