(Step-by-Step) HiEd has to decide on construction of new dorms. They can build a small dorm or a large dorm. They could also decide to build nothing at
Question: HiEd has to decide on construction of new dorms. They can build a small dorm or a large dorm. They could also decide to build nothing at all. The impact on HiEd's
net revenue is given in the table below:
| Big Increase | Small Increase | Decrease | |
| No building | 10,000 | 12,000 | -10,000 |
| Small Dorm | 85,000 | 120,000 | -20,000 |
| Large dorm | 110,000 | 50,000 | -80,000 |
- If HiEd takes an optimistic approach, what should they do?
- If HiEd takes a pessimistic approach, what should they do?
- An educational consultant reports that there is a 40% chance of a small enrollment increase and a 10% chance of a large increase in enrollment. What should HiEd do?
Deliverable: Word Document 
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[Solution] As a company manager for Claimstat Corp., there is
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