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Sunny Side Condominiums Recently Purchased Land Outside of Phoenix and Is

Question 18

Multiple Choice

Sunny Side Condominiums recently purchased land outside of Phoenix and is
Trying to decide the size complex it should build (large or small) . The following payoff
Table (in thousands of dollars) considers three possible levels of demand. If there is a
45% chance that the demand level will be low, 30% that it will be medium and 25%
Chance that it will be high, the expected value (in thousands of dollars) associated with
The best action is Sunny Side Condominiums recently purchased land outside of Phoenix and is Trying to decide the size complex it should build (large or small) . The following payoff Table (in thousands of dollars) considers three possible levels of demand. If there is a 45% chance that the demand level will be low, 30% that it will be medium and 25% Chance that it will be high, the expected value (in thousands of dollars) associated with The best action is A) $326.25 B) $310 C) $535 D) $208.75 E) $225


A) $326.25
B) $310
C) $535
D) $208.75
E) $225

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