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Instructions: Complete the assignment in a group of THREE (3) students. Please check the Ulearn for due date. Question 1 Ramlee Burger is a fierce
Instructions: Complete the assignment in a group of THREE (3) students. Please check the Ulearn for due date. Question 1 Ramlee Burger is a fierce and determined competitor to Ramly Burger in Malaysia. Ramlee created a conditional values for his company's decision to keep various sizes of stock and the demand (i.e. size of crowd). 1. Advice Ramlee for possible decision under uncertainty using a. Maximax b. Maximin c. Equally Likely 2. Assuming that the probability of 0.3,0.5 and 0.2 for big, average and small demand, respectively, determine the best decision using expected monetary value (EMV). 3. Construct a decision tree for this problem. Instructions: Complete the assignment in a group of THREE (3) students. Please check the Ulearn for due date. Question 1 Ramlee Burger is a fierce and determined competitor to Ramly Burger in Malaysia. Ramlee created a conditional values for his company's decision to keep various sizes of stock and the demand (i.e. size of crowd). 1. Advice Ramlee for possible decision under uncertainty using a. Maximax b. Maximin c. Equally Likely 2. Assuming that the probability of 0.3,0.5 and 0.2 for big, average and small demand, respectively, determine the best decision using expected monetary value (EMV). 3. Construct a decision tree for this
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