Decide which vehicle to purchase:  Your team wants to start an independent ride-hailing service like Uber and need to decide the type of vehicle to purchase.  The target customer is students who need transportation to get to school.  Create a decision tree using the information provided, your group must determine the percentage of demand for the chance node and consider Strong and Weak Demand. BASIC (3 Vehicles project a volume of 1,000 rides per year):  2021 Kia Rondo  Purchase Cost = $7,500  Profit: $12 per ride  2020 Toyota Corolla  Purchase Cost: $10,000  Profit: $14 per ride  2015 Honda Fit  Purchase Cost: $4,000  Profit: $18 per ride ALL-WEATHER (2 Vehicles, project a volume of 800 rides per year):  2021 Honda Pilot  Purchase Cost: $40,000  Profit: $25 per ride  2022 Subaru Ascent  Purchase Cost: $50,000  Profit: $30 per ride ENVIRONMENTAL (1 Vehicle, project a volume of 800 rides per year):  2020 Tesla  Purchase price = $80,000  Profit: $40 per ride

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Here is a decision tree to help determine the best vehicle option for the ridehailing service Chance ... View the full answer