The Palm Garden Greenhouse specializes in raising carnations that are sold to florists. Carnations

are sold for $3.00 per dozen; the cost of growing the carnations and distributing them to

the florists is $2.00 per dozen. Any carnations left at the end of the day are giving away. The estimated cost of customer ill will if demand is not met

is $1.00 per dozen. The expected daily demand (in dozens) for the carnations is as follows:

Use following decision making methods with and without probabilities to determine the best decision.

1. Construct the payoff table
2. Construct the opportunity loss table
3. Construct a sequential decision tree

Daily Demand Probability 1.00 Daily Demand Probability 1.00