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you are considering opening a designer shoe store at The Summit. Available space allows you the possibility to build a large store, a smaller store,
you are considering opening a designer shoe store at The Summit. Available space allows you the possibility to build a large store, a smaller store, or no store at all. Here is the table:
States of Nature
Alternatives Good Economy Fair Economy Poor Economy
Large Shop $90,000 $40,000 -$40,000
Small Shop $65,000 $28,000 -$25,000
Do Nothing 0 0 0
Probabilities 40% 30% 30%
What is the EMV decision?
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