Local real estate investor in orlando is considering three

Reference no: EM13476194

A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment:

Gasoline Availability

Investment Shortage Stable Supply Surplus

Motel $_8,000 $15,000 $20,000

Restaurant 2,000 8,000 6,000

Theater 6,000 6,000 5,000

Determine the best investment, using the following decision criteria.

a. Maximax

b. Maximin

c. Minimax regret

d. Hurwicz

e. Equal likelihood

Reference no: EM13476194

Questions Cloud

Identifies three advantages of the empowerment evaluation : identifies three advantages of the empowerment evaluation model. when would the empowerment evaluation approach be

Recognize a topic below relating to the present challenges : identify a topic below relating to the current challenges in the long-term care continuum and their impact on the

Assessments for fluency additionally include a summary or : create a powerpoint presentation of 15-18 slides on effective fluency strategies.1. title and reference slides are

Even though marketers are barred from outright deception : cialdini 2001 provides many compelling insights into how choices are influenced. even though marketers are barred from

Local real estate investor in orlando is considering three : a local real estate investor in orlando is considering three alternative investments a motel a restaurant or a theater.

Your strengths and weaknesses as a writer and explain how : write a 2-3 page letter to the instructor which includes your own analysis of your work in this class.you may discuss

The following writing assessment should take no more than : the following writing assessment should take no more than 90 minutes. think through the topic and then determine your

Conversation partner journal it should be about more than : conversation partner journal it should be about more than just who said what. you should summarize what you talk

How do we determine the needs of our audience research and : how do we determine the needs of our audience? research and discuss how we might describe or identify what a primary

User Account

All Pages