Question: A concessions manager at the Tech versus A&M football game must decide whether to have the vendors sell sun visor or umbrellas. There is a 30% chance of rain, a 15% chance of overcast skies, and a 55% chance of sunshine, according to the weather forecast in College Junction, where the games is to be held. The manager estimates that the following profits will result from each decision, given each set of weather conditions:

1. Compute the expected value for each decision and select the best one.
2. Develop the opportunity 1055 table and compute the expected opportunity loss for each decision.

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document