The following decision table organizes a decision that Sharon Hollis needs to make regarding her home cake business. She has been providing custom cakes for over 6 wears and it has been very successful. Sharon now needs to decide whether or not to expand her business to accommodate more customers and if she expands, whether to expand with a small or a medium shop. Her decision will be heavily based on whether the demand is high or low for baked goods. Select the correct decision ree based on the given decision table. Alternatives Small shop Medium shop Do not expand Decision Table State of Nature High Demand 1000 1400 0 Low Demand -600 -1500 0

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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The following decision table organizes a decision that Sharon Hollis needs to make regarding her home cake business. She has been providing custom cakes for over 6
years and it has been very successful. Sharon now needs to decide whether or not to expand her business to accommodate more customers and if she expands,
whether to expand with a small or a medium shop. Her decision will be heavily based on whether the demand is high or low for baked goods. Select the correct decision
tree based on the given decision table.
Answer
Alternatives
Small shop
Medium shop
Do not expand
High Demand
Decision Table
State of Nature
High Demand
Low Demand
1000
1400
0
Small shop
Low Demand
Medium shop
Do not expand
Small shop
- 600
- 1500
0
Tables
Keypad
Keyboard Shortcuts
Transcribed Image Text:The following decision table organizes a decision that Sharon Hollis needs to make regarding her home cake business. She has been providing custom cakes for over 6 years and it has been very successful. Sharon now needs to decide whether or not to expand her business to accommodate more customers and if she expands, whether to expand with a small or a medium shop. Her decision will be heavily based on whether the demand is high or low for baked goods. Select the correct decision tree based on the given decision table. Answer Alternatives Small shop Medium shop Do not expand High Demand Decision Table State of Nature High Demand Low Demand 1000 1400 0 Small shop Low Demand Medium shop Do not expand Small shop - 600 - 1500 0 Tables Keypad Keyboard Shortcuts
High Demand
Low Demand
High Demand
Low Demand
Medium
shop
Do not expand
Small shop
Do not expand
Small shop
Medium
shop
1
2
1
2
1
2
2
Small shop
Medium shop
Do not expand
Small shop
Medium shap
Do not expand
Small shop
Medium shop
Do not expand
Small shop
Medium shop
Do not expand
High Demand
Low Demand
High Demand
Low Demand
High Demand
Low Demand
High Demand
Low Demand
Transcribed Image Text:High Demand Low Demand High Demand Low Demand Medium shop Do not expand Small shop Do not expand Small shop Medium shop 1 2 1 2 1 2 2 Small shop Medium shop Do not expand Small shop Medium shap Do not expand Small shop Medium shop Do not expand Small shop Medium shop Do not expand High Demand Low Demand High Demand Low Demand High Demand Low Demand High Demand Low Demand
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