Question: The construction manager for Ali Construction, Inc. must decide whether to build single family homes, apartments, or condominiums. This is not a product-mix problem, but

The construction manager for Ali Construction,
The construction manager for Ali Construction, Inc. must decide whether to build single family homes, apartments, or condominiums. This is not a product-mix problem, but an all-or-nothing decision. He will hire workers and rent equipment appropriate for one action only. He estimates annual profits (in thousands of dollars) will vary with population trends as follows: Dwelling type Single family Apartments Condominiums Population steady $100 50 -20 Population Population grows grows slowly rapidly. $90 $70 170 100 220 90 If he uses the equally likely criterion, which kind of dwellings will he choose to build? Show your supporting calculations

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