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November 16, 2021

In this problem, you will calculate the profits and complete the payoff matrix for two restaurants. Then you will determin

Mathematics - Probability

In this problem, you will calculate the profits and complete the payoff matrix for two restaurants. Then you will determine what decision should be made based on the payoff matrix. Finally, you will calculate the expected profits for each restaurant under each decision using the probabilities of releasing the holiday items.

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