Question: Please solve A , B , C , D , E and F in the details of the questions ( C ) If Amy has
Please solve A B CDE and F in the details of the questions
CIf Amy has no idea which of the three mileage assumptions is most appropriate, what is the recommended decision leasing option using the optimistic, conservative, and minimax regret approaches?
The recommended decision using the optimistic approach is
Select
The recommended decision using the conservative approach is
Select
The recommended decision using the minimax regret approach is
Select
d
Suppose that the probabilities that Amy drives and miles per year are and respectively. What option should Amy choose using the expected value approach?
EVDealer A $
EVDealer B $
EVDealer C $
The best decision is
Select
e
Develop a risk profile for the decision selected in part d What is the most likely cost, and what is its probability? Submit a file with a maximum size of MB
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f
Suppose that after further consideration Amy concludes that the probabilities that she will drive and miles per year are and respectively. What decision should Amy make using the expected value approach?
EVDealer A $
EVDealer B $
EVDealer C $
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