Question
You are planning a trip home at the end of the semester and need to make plane reservations soon. However, you've just had a preliminary
You are planning a trip home at the end of the semester and need to make plane reservations soon. However, you've just had a preliminary interview with a consulting firm that seemed to go very well. There's a chance that they will want you to stay for a few days at the end of the semester for a round of interviews at theiroffices, which will mean you'll have to change the date of the flight if you make the reservation now. Suppose that you can purchase a changeable fare for $625 or anon-refundable fare for $600 for which a change costs $50 Construct a payoff table for this set of actions using total cost as the "payoff."
State of Nature | ||||
Do Not Stay for Interviews | Stay for Inverview | |||
Action | Fully Changeable Fare | $ (?) | $ (?) | |
Non-Refundable Fare | $ (?) | $ (?) |
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