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What is the equally likely decision

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Your company, Hart Ski Hills, has decided to add a new ski run for the next season and you have been provided with the table shown below. The decision is based on three possible states of snow fall during the ski season. The decision is between a basic (Bunny) slope, an intermediate slope and an expert slope. You have been asked to provide the following: Develop a Decision table and answer the following questions.

a. What is the maximax decision?

b. What is the maximin decision?

c. What is the equally likely decision?

d. Develop a decision tree. Find the EM?

Reference no: EM133525366

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