Task 3 The following are instructions for creating financial decision analysis models in Excel This section is practice for extending the financial decision analysis model to include additional alternatives and states

of nature. All aspects of the model construction covered in Tasks 1 and 2 apply to the extended model. The provided table formatting should aid in which elements of the model remain constant and which are extended to account for the additional alternatives and states of nature. 1. Open the assignment Excel workbook to the worksheet "Task 3_DT Extension" 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 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 3 is complete.