The construction manager for Acme Construction, Inc. must decide whether to build single family homes, townhouse, or condominium. He estimates annual profits (in thousands of dollars) will vary with population trends as follows:

Building type	Population steady	Population grows slowly	Population grows rapidly
Single family	100	90	70
Townhouse	50	170	90
Condominium	20	100	220

PART C

If the construction manager estimates the probabilities for population steady, grows slowly and grows rapidly to be 0.3, 0.1 and 0.6, respectively. What would be the best alternative or decision using expected monetary value criterion?

Select one:

a. Single family

b. Condominium

c. Townhouse

d.

e. No preference