Question: Q14) Operations Research please quickly 14 From the following table What is the best decision using the Expected Opportunity Loss. Assuming the a good market

Q14) Operations Research please quickly 14 From

Q14) Operations Research

please quickly

14 From the following table What is the best decision using the Expected Opportunity Loss. Assuming the a good market has a probability of 0.50 and the bad market probability is 0.50 (1 ) Alternative Small Restaurant Large Restaurant No Restaurant State of nature Good market ($) Bad market ($) 8000 JD -4000 JD 10000 JD -8000 JD O JD O JD No restaurant with 5000 profit To open a large restaurant with 4000 profit To open a small restaurant with 3000 profit To open a small restaurant with 4000 profit

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