The Collectors Choice Inc. ( CCI), a luxury car import company, has an old warehouse at the Port of Miami,
1. Create a decision tree analysis to help decide whether Alex Ferrari should hire Pro Guard’s services.
2. Come up with a simple rule of thumb that can be applied to decisions of this nature, given any deductible amount d, extra surveil-lance cost c, and burglary probabilities p1 (without surveillance) and p2 (with surveillance).
3. Does your decision based on the tree guarantee success? Why or why not?
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Question Posted: March 20, 2014 07:12:35