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Deborah Hollwager, a concessionaire for the Amway Center in Orlando, has developed a table of conditional values for the various alternatives ( stocking decision )
Deborah Hollwager, a concessionaire for the Amway Center in Orlando, has developed a table of conditional values for the
various alternativesstocking decision and states of naturesize of crowd:
States of Naturesize of crowd
Alternatives
Large
Average
Small
Large Inventory
$ comma
$ comma
negative $ comma
Average Inventory
$ comma
$ comma
$ comma
Small Inventory
$ comma
$ comma
$ comma
Probabilities associated with the states of nature are for a large crowd, for an average crowd, and for a small crowd.
a The alternative that provides Deborah the greatest expected monetary value EMVLOADING is
The EMV for this decision is $
enter your response here enter your answer as a whole number
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