Question: QUANTITATIVE BUSINESS ANALYSIS Question 4 5 Points Beverly Mills has decided to lease a hybrid car to save on gasoline. The following table summarises each

QUANTITATIVE BUSINESS ANALYSIS

QUANTITATIVE BUSINESS ANALYSIS Question 4 5

Question 4 5 Points Beverly Mills has decided to lease a hybrid car to save on gasoline. The following table summarises each of the three lease options: a. Develop an opportunity loss table for Beverly Mills. b. What is the minimax regret decision for Beverly Mills? .. 3-YEAR LEASE MONTHLY COST Option 1 Option 2 Option 3 $330 $380 $430 MILEAGE COST PER ALLOWANCE EXCESS MILE 36,000 $0.35 45,000 $0.25 54,000 $0.15

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