XXXXXXXXXX8000 REQUIRED: OTHER DATA AND HINTS: Use QM windows at least once and Excel QM at least once. Filenames for saving: firstname proj 3a [b or c] OPTION DATA: OPTION ONE OPTION TWO GOOD ECONOMY...

8000 10000 -4000 -8000 REQUIRED: OTHER DATA AND HINTS: Use QM windows at least once and Excel QM at least once. Filenames for saving: firstname proj 3a [b or c] OPTION DATA: OPTION ONE OPTION TWO GOOD ECONOMY PROFIT (LOSS) BAD ECONOMY PROFIT (LOSS) Chapter 3 PROJECT 3, PARTS A, B, C A. Create a decision table, and based on their attitudes for risk assume the probabilities are 50/50. B. They finally agree to what they think the real risk is for good and bad market outcomes. They are pretty confident in their research that there is a 75% chance for a good Economy and 25% for a BAD Economy. Create a decision tree. Which option gives them the best expected return? C. Using the decision table and tree explain which choice Stan would make based on the probabilities of Parts A and B; do the same for Mary. [Decisions tables will have the same results if the data is the same; in this case money data is the same but probabiliites are different in A and B. D. What other information is given by the analysis that you did not use to make your decision? Steve and Mary are young married college students and need additional money so decide to work part time in a business venture delivering food from popular restaurants to college students. They would get revenue for each order plus some businesses would pay a bonus if they exceed an order quota. They will get drivers to use their cars and gas, making money on tips. The drivers They will get drivers to use their cars and gas making money on tips. The drivers would do the would do the collecting for the order and fees. To handle the business they could just use their phones to receive orders and direct pickups. This is option 1. They could handle more orders with an automated computer system that would answer calls take orders and call...