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 interview
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 meanyou'll have to change the date of the flight if you make the reservation now. Suppose that you can purchase a changeable fare for $775 or a non-refundable fare for $750 for which a change cost $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 Interview
Fully Changeable Fare $ _____ $_____
Non-refundable Fare $ _____ $_____
(Simplify Answers)
***Please note that I could not add a table so I just added $ and ____.
Please show me how to achieve the answer for this
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