Question: We Are Humber Tech Store is considering starting either a small, regular, or large tech store in Etobicoke. Depending on their research findings, they may
We Are Humber Tech Store is considering starting either a small, regular, or large tech store in Etobicoke. Depending on their research findings, they may also decide not to open any store at all. The type of store they open depends on the citys market potential which may be high, medium, or low. The potential profits in each case are shown in the payoff table below (in $'000):
| High | Medium | Low | |
|---|---|---|---|
| Small | 255 | 220 | 10 |
| Regular | 530 | 280 | -150 |
| Large | 460 | 245 | -170 |
| None | 0 | 0 | 0 |
Given a coefficient of realism of = 0.5, the realism decision is to
- open a small store
- open a regular store
- open a large store
- open no store
- choose high market
- choose medium market
- choose low market
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