1.

Question :

(TCO 14) Briefly describe a decision table.

Question 2.

Question :

(TCOs 13 and 14) Consider the following decision table, which Buckeye Bob has developed for GoSlow Enterprises.

Which decision alternative maximizes the expected value of the payoff?

Question 3.

Question :

(TCOs 10, 11, and 12) Bob’s Claymart has enough clay to make 24 small vases or six large vases. He has only enough of a special glazing compound to glaze 16 of the small vases or eight of the large vases. Let X1 = the number of small vases and X2 = the number of large vases. The smaller vases sell for $6 each, and the larger vases bring $13 each.
Formulate the problem’s objective function, constraints, and solve for the maximum profit mix.