Hartsfield International Airport in Atlanta, Georgia, is one of the busiest airports in the world. Plans are being made to build another airport outside the city limits. Two possible locations for the new airport have been identified, but a final decision will not be made for a year. The Magnolia Inns hotel chain intends to build a new facility near the new airport once its site is determined. Land values around both possible sites for the new airport are increasing as investors speculate that property values will increase greatly in the vicinity of the new airport. There are four decision alternatives for the hotel chain: 1) Buy the parcel of land at location A.
2) Buy the parcel of land at location B.
3) Buy both parcels.
4) Buy nothing.
The possible states are:.
1) The new airport is built at location A.
2) The new airport is built at location B.
Use the following information for decision analysis through a decision tree and answer questions a, b and c.
Magnolia Inns
Parcel of Land Near Location
А B
Current purchase price $18 $12
Present value of future cash
flows if hotel and airport are
built at this location $31 $23
Present value of future sales
price of parcel if the airport is
not built at this location $6 $4
Note that a land parcel can be sold after purchase. For example, if the parcel of land at location A was purchased at $18mln and the airport was built near Location B, the purchased Land at location A can be sold for $6mln.
A) What will be the decision if Maximax criteria is used?
B) What will be the decision if Maximin criteria is used?
C) Considering the following probabilities, use the expected monetary value criteria to determine the decision.
Probability of the airport being built at Location A = 0.4.
Probability of the airport being built at Location B = 0.6.

Complete the worksheet. use 3.14 for π and round all decimals to the nearest hundredth.find the volume of the composite three-dimensional figure above. important terms are written in bold.1. the pyramid has a square base that is inscribed in the circular base of the cone. draw an image of the composite shape of the base. 2. if the side length of the square base is 8 units long, what is the diameter of the circular base of the cone from the picture in number 1? 3. now that the diameter has been calculated, what is the circular area of the cone? ignore the square base of the pyramid.? 4. what is the formula for volume of a cone? 5.to calculate the volume of the cone, the height is still needed. if the cone has a lateral surface with a length of 13 units, what is the height of the cone? 6.now find the volume of the cone. do not include the empty space for the pyramid. 7.. the side length of the square base of the pyramid is 8 units long. what is the base area of the pyramid? 8.what is the formula for the volume of a pyramid9. since the cone and the pyramid share the same vertex, what is the volume of the pyramid10.using the volume of the cone and the pyramid, find the volume of the composite shape. remember, the pyramid is empty. 11,. referring to the picture in number 1, what is the area of the composite base knowing that the square is empty? 12what is the formula to find the lateral surface area of a cone? (13find the lateral surface area of the cone14what is the lateral surface area shape of the pyramid? what is the formula for its area? 15to find the lateral surface area of the pyramid the length is still needed. calculate the lateral surface length of the pyramid. 16 now that the lateral surface length is known, what is the lateral surface area of the pyramid17. using the lateral surface areas of the cone and pyramid, along with the area of the composite base, what is the total surface area?