10) Earl Shell owns his own Sno-Cone business and lives 30 milesfrom a beach resort. The sale of Sno-Cones is highly dependent uponhis location and upon the weather. At the resort, he will profit$120 per day in fair weather, $10 per day in bad weather. At home,he will profit $70 in fair weather, $55 in bad weather. Assume thaton any particular day, the weather service suggests a 40% chance offoul weather.
a. Construct Earl's decision tree.
b. What decision is recommended by the expected valuecriterion?
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