Miles is considering buying a new pickup truck for his lawn service firm. The economy in town seems to be growing, and he is wondering whether he should opt for a subcompact, compact, or full-size pickup truck. The smaller truck would have better fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau of Economic Research told him that there is a 30% chance of lower gas prices in his area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will stay roughly unchanged. Based on this information, Miles has developed a decision table that indicates the profit amount he would end up with after a year for each combination of truck and gas prices. Develop a decision tree for this situation and indicate which type of truck he should select.
Definitions:
Social Media
Digital platforms and websites that enable users to create and share content or participate in social networking.
Digital Factor
An element or component that plays a significant role in the digital realm, affecting how digital processes, technologies, or environments operate.
Media Mentions
References or citations of a person, brand, or organization in various media outlets, including newspapers, television, and online publications.
Crisis
A time of intense difficulty, trouble, or danger that requires immediate and effective management.
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