Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Nov 2017 My Price 7.00

Theme Park, Inc.,

6.  The lease of Theme Park, Inc., is about to expire. Management must decide whether to renew       the lease for another 10 years or to relocate near the site of a proposed motel. The town plan-     ning board is currently debating the merits of granting approval to the motel. A consultant has estimated the net present value of Theme Park’s two alternatives under each state of nature as  shown on the following page.

What course of action would you recommend using?

a.    Maximax.

b.    Maximin.

c.    Laplace.

d.    Minimax regret.

 

 

 

Options

 

Motel Approved

 

Motel Rejected

 

 

Renew                    $ 500,000                  $4,000,000

Relocate                  5,000,000                     100,000

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Nov 2017 10:11 PM My Price 7.00

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