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Can you assist me with problem 1 only? If so , can you also show the steps so I can follow along? 1. Joseph has

Can you assist me with problem 1 only? If so , can you also show the steps so I can follow along?

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1. Joseph has three ways of selling to choose from: Strip Mall, Sketchy Pub and Food Truck. The market can be either good or poor, resulting in the following potential prots. Calculate the following using the information below, circling the preferred option in each category: Decision making under uncertainty Good Poor Maxiinax 154m Equally Criterion market market Likely of Realism (u=0.8) Strip 120 90 Mall Sketchy 1000 20 Pub Food 125 300 Truck Create an Opportunity Loss Table and indicate the NIinimax Regret decision Good market Poor market ' Minimax Strip Mall Food Truck Sketchy Pub

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