Below is a decision table for Gregor's Tennis School. Director Gregor Anderson is considering expanding his school to accommodate the potential increased interest in youth tennis lessons, camps and teams. The decision table below describes his situation. Alternatives Add a new building Extend hours for existing building Do Nothing Decision Table High Demand 40,000 30,000 0 Step 1 of 3: What is the estimated payoff for adding a new building during moderate demand? State of Nature Moderate Demand 5,000 4,700 0 Low Demand -45,000 -6,000 0

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Below is a decision table for Gregor's Tennis School. Director Gregor Anderson is considering expanding his school to accommodate the potential increased interest in
youth tennis lessons, camps and teams. The decision table below describes his situation.
Alternatives
Add a new building
Extend hours for existing building
Do Nothing
Answer
Decision Table
Step 1 of 3: What is the estimated payoff for adding a new building during moderate demand?
$
High Demand
40,000
30,000
0
State of Nature
Moderate Demand
5,000
4,700
0
Low Demand
-45,000
-6,000
0
Tables
Keypad
Keyboard Shortcuts
Transcribed Image Text:Below is a decision table for Gregor's Tennis School. Director Gregor Anderson is considering expanding his school to accommodate the potential increased interest in youth tennis lessons, camps and teams. The decision table below describes his situation. Alternatives Add a new building Extend hours for existing building Do Nothing Answer Decision Table Step 1 of 3: What is the estimated payoff for adding a new building during moderate demand? $ High Demand 40,000 30,000 0 State of Nature Moderate Demand 5,000 4,700 0 Low Demand -45,000 -6,000 0 Tables Keypad Keyboard Shortcuts
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