You are considering opening a motel in Markham. You prepare to hire a marketing graduate from a local university to conduct a marketing research study to see if there is a market for your motel. The results of such a study could be either favourable or unfavourable. After that, you will consider to open a small motel, a large one or none at all. You want to make sure the correct decision is to be made.

Develop a decision tree to help you make the decision.

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When constructing a decision tree to help in the decisionmaking process for opening a motel in Markham you need to consider the various outcomes and t... View the full answer