За give the emv of each choice give the value of with perfect information based on the 20% odds give the value of perfect information 3b 30 send me 3a+3b+3c in the body of an email

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.4: Multiple Regression Models
Problem 12P
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1sketch a tree for the below by hand send it to me
2do a tree on excel for it and send it to me
we are choosing where to go on vacation
we can go to canada which will cost us $1000 and has a 20% of bad weather
we can can go florida that will cost us $1500 and has a 40% chance of bad weather
we can go go bermuda that will cost us $2000 and has a 50% chance of bad weather
we translate/value the the joy of our vacation into dollars as followss
bad
good weather
weather
canada $ 1,200.00 $ 2,500.00
florida
$ 1,000.00 $ 4000.00
b ermuda $ 300.00 $ 8,000.00
3-take the above problem and assume that the weather is the same everywhere
and there is a 20% chance of bad weather otherwise it will be good
За
give the emv of each choice
3b
give the value of with perfect information based on the 20% odds
30
give the value of perfect information
send me 3a+3b+3c in the body of an email
Transcribed Image Text:1sketch a tree for the below by hand send it to me 2do a tree on excel for it and send it to me we are choosing where to go on vacation we can go to canada which will cost us $1000 and has a 20% of bad weather we can can go florida that will cost us $1500 and has a 40% chance of bad weather we can go go bermuda that will cost us $2000 and has a 50% chance of bad weather we translate/value the the joy of our vacation into dollars as followss bad good weather weather canada $ 1,200.00 $ 2,500.00 florida $ 1,000.00 $ 4000.00 b ermuda $ 300.00 $ 8,000.00 3-take the above problem and assume that the weather is the same everywhere and there is a 20% chance of bad weather otherwise it will be good За give the emv of each choice 3b give the value of with perfect information based on the 20% odds 30 give the value of perfect information send me 3a+3b+3c in the body of an email
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ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,