Mr. Dash, the owner and CEO of the hypothetical fitness company called Jumping Winning, was planning to expand operations and launch his gym in various neighbourhoods in Melbourne. However, he needed to make two decisions: How many gyms should he open? Which locations would provide the best returns for his investment? Mr. Dash had sufficient data such as the demographics of people in various neighbourhoods, real estate and other costs, purchasing power and so on. He was uncertain about the demand and, using various probabilities, created various scenarios and performed a simulation in Excel. This helped him realise that there were two neighbourhoods where he had the best prospects to make profitable returns from the gyms, and he decided to prioritise and begin his business expansion with those two locations. 1. Based on the given scenario briefly explain how each of the following quantitative methods are used to assist In making Informed decisions. Complete the table below. Quantitative Method Description a. Statistical analysis