Aresort hotel has $20,000,000 to invest it its next location. there are three potential sites for the expansion. the cost to build the facility in any of the locations is $20,000,000. which location should be selected?
a. location a: probability / outcome .50 / 20% .30 / 9% .20 / -10%
b. location b: probability / outcome .40/ 19% .32 / 7.5% .28 / -11%
c. location c: probability / outcome .45 / 22% .50 / 6% .05 / -15%

Location C should be selected.

Step-by-step explanation:

Consider the provided information,

We need to determine which location should be selected.

We need to select the location with highest outcome

Location A) Probability / Outcome .50 / 20% .30 / 9% .20 / -10%

Outcomes =

Outcomes =

Outcomes =

Location B) Probability / Outcome .40/ 19% .32 / 7.5% .28 / -11%

Outcomes =

Outcomes =

Outcomes =

Location C: Probability / Outcome .45 / 22% .50 / 6% .05 / -15%

Outcomes =

Outcomes =

Outcomes =

Hence, location C has highest outcomes among all the locations. So Location C should be selected.

step-by-step explanation:

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