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Task 2 The following are instructions for creating financial decision analysis models in Excel This section is practice for creating financial decision analysis models. 1. Open the assignment Excel workbook to

the worksheet "Task 2_DT 3SN Prac" 2. Read the "Instructions." The instructions provide you an overview of the components required in the task. 3. Review the Problem Statement and Table provided in the "Variables" section. 4. Complete the following steps Model formulation steps in the "Model" section. Model Formulation Steps 5. The Data Table 1 a. Define the decision variables i. Criterion of Realism = 0.8 6. Alternatives Table 7. Expected Value Table 8. Regret (Opportunity Loss) Table Result Statements 9. Answer the question(s) in this section. a. Answers should be typed into the respective green highlighted boxes. The wrap text and increasing the row height can be used to ensure the entire answer is displayed. 10. Task 2 is complete.

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