Determine the two best decision alternatives by a conservative decision maker. Decision dl d2 d3 d4 d1 and d4 States of Nature sl -350 900 500 700 $2 750 -380 210 -360 $3 1100 600 -370 700
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- Answer (iv) & (v) only.(a) Q1: Examine the data in the Table below and determine the lifetimecosts of this hybrid vehicle. b) As logistics manager, you’re considering the following alternativevehicle for your fleet. What are its lifetime costs in comparison withthe hybrid vehicle? c) Calculate the indifference point between the two vehicle designsand the expected age of the vehicles at this point. d) Which car should you choose if you intend to own it for longer thanthis time?No ai pls
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