Microsoft Word - Assignment#1 -2021 - Decision Analysis.docx
The sale of the production facility is to be determined at a sealed bid auction next week. The Analytics Manager at Tilray estimates that if he bids $900,000, there is a 25% chance that he will obtain the facility; if he bids $1.35 million, there is a 45% chance that he will obtain the facility; and if he bids $1.75 million, there is an 85% chance that he will obtain the facility. ................
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