Question: You are working with your purchasing group to create a list of best possible caterers that have been used by your company in the past

You are working with your purchasing group to

You are working with your purchasing group to create a list of best possible caterers that have been used by your company in the past for weddings and corporate events alike. This list will help in making the selection process easier for the next events. The exercise is based on quality of food choices that were delivered by each of the caterer. You decide to use a decision tree model to help in your analysis here's the first cut of that model: Impact Your Calculations: Outcome High Quality Prob. 60% $ 20,000 = Catering Deposit $2 000 Low Quality Prob. 40% $ (10,000) Caterer #1 High Quality Prob. 70% Caterer #2 $ 15,000 Food Choices = GOURMET CHEF catering and food Caterer #3 Low Quality Prob. 30% Deposit $1 000 $ (5,000) II High Quality Prob. 80% $ 20,000 Dinewel = CATERING Deposit $1 500 Low Quality Prob. 20% $ (12,000) Based on the information provided, complete the model and make a recommendation as to which of the three (3) caterer you would select. The caterer chosen will be one with the best overall outcome. Which of the caterer would you recommend

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