A small business... Draw a decision tree to help the business decide which building... Maths

Good g 40 Poor 18 -10 response to poor customer confidence due to the current economic climate. The following table gives the expected profits for different discounts and market confidence, with all profits given in c) Calculate an opportunity loss table and use it to advise the company using the minimax decision A small business wants to invest in some property. There are three options that they can choose income from each option will be as follows. The business advisor at the bank considers that the chance of the market remaining good is 0.4 and the chance of the market becoming poor is 0.6. b) Using the information given above, recommend which course of action Buildings'R'Us should from. They can either buy a local shop for E60,000, a flat for E50,000 or some office space for The estate agent, Buildings'R'Us, has to decide whether to discount its sales package in research and having discussions with the estate agent, Buildings'R'Us, they estimate that the E70,000. They do not have enough money to buy more than one building. After doing some a) Draw a decision tree to help the business decide which building to buy. Use appropriate Neutral State of the market Condition of Market symbols, calculate expected values and advise the company on the best option. LO 50 Good 200 g Bad take in order to maximise profit with the aid of: Estimated rental income in E1,000 SEMINAR HAN (i) The maximax decision rule ng Large Discount (ii) The maximin decision rule Small discount No Discount Offices Shop Flat Question Three E1000s. rule