Answer D,E and F
2 1-/20 Points DETAILS ASWQUANT13 4.1.004 MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Amy Lloyd is interested in leasing how car and his contacted the automobile dealers to prong information. Each othered Any a dosed and 3 months note of siring. Each nase Indledes a monthly charge and a mosowance. Additional mil receive such a perie bases. The month one cost the magestowance and the cost for at miles follow Danler Monthly Cest Mileage Allowance Cost per Additional Mile Der 5209 36.000 10.15 De B 1300 35,000 $0.20 Dealer 5 DOG 10:15 Atly decided to choose me fase option that will min her tot 36-month cost. The difficulty is that Amy is not sure how many miles she will one over the next three years. For purposes on the blevet rasonable to come that she wil drive 12,000 miles per year 15.000 miles per year, or 10,000 miles per year. With this sumption mystimated the total costs for the options. For example se regues that the best A la wel cost her 5:0.404 the drives 12.000 miles per year sits it fediles 15.000 se veac or 513.10 eves 18.000 mileserye a) What is the decision, and what is the chance event? The decision is to choose There are twternatives. The chevent is Se There are peste comes by Construct payett table. (Enter your owers in Annuat Miles Driven Dealer 12.000 15,000 18,000 Dres $10,404 SI56 51100 Des 5 $ Dialec 5 $ id It Any has no idea which of the three mileage moto e most appropriate, wut is the recommended down on the time and more! The recommended desioning the notimistic aproach is Select the recommended det viver Annual Miles Driven Dealer 35,000 10,000 12,000 510,404 Dealer 311754 $1104 Deater Dealers 5 5 (If Amy has no idea which of the three mileage assumpons is most appropriate the recommended design et comment The recommended decision using the mise approach is The recommended deckons the corvotive approaches E 2.Therecede mimax regret product d) Suppose that the probationes that any drives 12.000. 15,000 and 16,000 mies per yow we 0.5, 04, 0.1, respectively what colon should choose ano tre expectus et ne EV(Dealer A) - 5 ViDeales) - EVD) - The best decision is co- (ol Develop a skrote for the decision selected in part (0) What is the most cost and what is its (Submit a file with a mame of 1) Chorobie choten This was not be grased yet in suppose that are further consideration Army condudes that the probabilities that she wave 12.000 15.000 and 18.000 miles per w we 0.3, 0.1, What Amy make using the expected valve approach! Ev Dealer A) - 5 EVDealer B) EDC) - The best decision is
