Simulate the following decision situation for 20 weeks, and recommend the best decision. A concessions manager at the Tech versus A&M football game must decide whether to have the vendors sell sun visors or umbrellas. There is a 30% chance of rain, a 15% chance of overcast skies, and a 55% chance of sunshine, according to the weather forecast in college junction, where the game is to be held. The manager estimates that the following profits will result from each decision, given each set of weather conditions:
|
Decision |
Rain |
Overcast |
Sunshine |
|
0.35 |
0.25 |
0.40 |
|
|
Sun Visors |
-400 |
-200 |
1,500 |
|
Umbrellas |
2,100 |
0 |
-800 |
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Simulate the following decision situation for 20 weeks, and recommend the best decision. A concessions manager...
A concessions manager at the Tech versus A&M football game must decide whether to have the vendors sell sun visors or umbrellas. There is a 35% chance of rain, a 25% chance of overcast skies, and a 40% chance of sunshine, according to the weather forecast in college junction, where the game is to be held. The manager estimates that the following profits will result from each decision, given each set of weather conditions: Weather Conditions Decision: Rain Overcast Sunshine 0.35...