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Q8. (15 points) Olivia Annimali is planning her wedding and needs to select a facility. Olivia is a risk-taker by nature. She knows there is
Q8. (15 points) Olivia Annimali is planning her wedding and needs to select a facility. Olivia is a risk-taker
by nature. She knows there is a chance of rain on the chosen date, which is six months away. She has
invited 200 people, and there is a chance the attendance will exceed 100. Olivia's choices are:
1- An outdoor wedding.
Park rental fee $100 No refund for bad weather.
If it does rain, she can get a small hotel ballroom that seats 100 for $1000 or a large ballroom
seating 200 for $3000.
2- Church social hall. Seats 300 and costs $500.
3- Select the indoor hotel facility in advance.
Small ballroom for $800, large for $1500. If the attendance exceeds 100, the party can be moved
to the large room for a total cost of $3000.
Olivia must make reservations now and will know the attendance and the weather only two days before
her wedding.
Required
Develop a payoff table for the cost of the facility.
please provide answer on excel with workings
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