Question: The systems engineering project manager for ICE company is currently faced with the question of whether to award a $ 1 0 0 , 0
The systems engineering project manager for ICE company is currently faced with the question of whether to award a $ contract to PENGUIN software company. The project manager has three internal ratings poor risk, average risk, and good risk for evaluation of a contractor, but does not know which category fits the PENGUIN software company. Internal ratings indicate that of similar companies are poor risks, are average risks, and are good risks. If contract is awarded, the expected profit for poor risk is $ for average risk $ and for good risk $ If contract is not awarded, the ICE company expected payoff is $
tableState of NatureProbabilityAlternativesPoor Risk,Average Risk,Good RiskAward Contract to SW software,
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