Question: The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits ( in $ 0

The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows:
Population Trend
Type Declining Stable Growing
Single Family 2009070
Apartments 7017090
Condos 20100220
Prior Probability 0.40.50.1
If he uses the maximum likelihood criterion, which kind of dwellings will he decide to build?
Question 6 options:
Single family
Apartments
Condos
Either single family or apartments
Either apartments or condos

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