Please provide the statisticalumerical approach answer to each Part.

Part A Keystone can only properly market a limited number of properties. They are trying to Table 1: Sales price (in millions of 3) gure out which property they should select to add to their portfolio among four candidates (and in so doing, gain some insight into how to make such decisions in the Alternatives Bad Good future). There is some uncertainty as the selling price (and therefore Market Market commission/prot) depends on the state of the real estate market 6 months in the Property 1 2.1 3.7 future. Based on their experience, Keystone has provided an estimate of selling prices Property 2 L7 3.8 for a \"good\" real estate market and a \"bad\" real estate market for the four candidate Property 3 2_7 2_6 properties (see Table 1). Property 4 22 2_4 Even with these estimates, though, Keystone managers are unsure which property to choose. Keystone managers consider themselves to be optimistic about the future, but would like to consider a variety of ways to make this decision. When asked how likely they think it is that the market will be good, Keystone said \"about a 70% chance\". Keystone also mentioned that they are curious about \"opportunity loss\