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The city of Beigrade, Serbla, is contemplating bulding a socond airport to relieve congestion at the main airport and is considering two potential sibes, X
The city of Beigrade, Serbla, is contemplating bulding a socond airport to relieve congestion at the main airport and is considering two potential sibes, X and Y. Herd Rock Hotels would iate fo purchase land to buld a hotel of the new aiport. The value of land has been rising in anticipation and is expected to skyrocket once the cly decides between siles X and Y. Contequenti, . Hard Rock would like to purchase lond now Hard Rock will set the land if the city chooses not to locate the ainport nearby Havd Rock has four choices: (1) buy land as X, (2) buy land at Y, (3) buy land at both X and Y,, (4) do nothing. Hard Rock has collected the following data (which are in miltions of euros): Hard Rock determines there is a 55% chance the aiport wa be bult at X (hence, a 45% chance it well be buit at Y ) a) Set up the decision tabie (in mulions of euros) (enter your nesponses as whale numbers and includo a minus sign if necessay)
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