Question: Please show me how these are constructed with the solutions! Thank you so much! I will always rate! Southland Corporation's decision to produce a new


Please show me how these are constructed with the solutions! Thank you so much! I will always rate!
Southland Corporation's decision to produce a new line of recreational products resulted in the need to construct either a small plant or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars: (a) What is the decision to be made, and what is the chance event for Southland's problem? The decision is to choose . There are alternatives. The chance event is There are possible outcomes. (b) Construct an influence diagram. (Submit a file with a maximum size of 1MB. ) No file chosen This answer has not been graded yet. (c) Construct a decision tree. (Submit a file with a maximum size of 1MB.) No file chosen This answer has not been graded yet. (d) Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches. The recommended decision using the optimistic approach is The recommended decision using the conservative approach is ---Select--The recommended decision using the minimax regret approach is ---Select--- Southland Corporation's decision to produce a new line of recreational products resulted in the need to construct either a small plant or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars: (a) What is the decision to be made, and what is the chance event for Southland's problem? The decision is to choose . There are alternatives. The chance event is There are possible outcomes. (b) Construct an influence diagram. (Submit a file with a maximum size of 1MB. ) No file chosen This answer has not been graded yet. (c) Construct a decision tree. (Submit a file with a maximum size of 1MB.) No file chosen This answer has not been graded yet. (d) Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches. The recommended decision using the optimistic approach is The recommended decision using the conservative approach is ---Select--The recommended decision using the minimax regret approach is ---Select
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