The Construction Manager for Acme Construction,Inc

question 58

Essay

The construction manager for Acme Construction,Inc.must decide whether to build single family homes,apartments,or condominiums.This is not a product-mix problem,but an all-or-nothing decision.He will hire workers and rent equipment appropriate for one action only.He estimates annual profits (in thousands of dollars)will vary with population trends as follows:
a.If he uses the maximin criterion,which type of dwellings will he choose to build? Show your supporting calculations.
b.If he uses the equally likely criterion,which kind of dwellings will he choose to build? Show your supporting calculations.
c.If the construction manager were an optimist,what criterion would he choose? What would be the choice of dwelling for that criterion? Show your supporting calculations.

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Definitions:

Hidden Curriculum

Unofficial, implicit messages or lessons learned in school that are not part of the formal curriculum, including social norms, values, and cultural expectations.

Tracking

An educational practice where students are divided into groups based on their perceived abilities, often leading to disparities in learning opportunities and outcomes.

Unschooling

A homeschooling alternative that rejects the standard curriculum in favor of student-driven types of learning.

Spiritual But Not Religious

Identifying with spirituality or a personal sense of connection to something greater than oneself without adhering to the beliefs of organized religion.