QUANTTITATIVE Â METHODS
Development and analysis of a decision tree in Excel, and a written report of the results. If you are using a MAC and the
Decision Tree add in will not work on your MAC I suggest you use a PC .All of the necessary information is included in the
attached case. Read the information carefully and clarify any questions. The purchase option and the application for
variance are of particular importance. Are these decisions or events? How should they be considered? Where are they inÂ the decision tree? Donât lose sight of the primary decision Bill must make: Should he hire the consultant or should he notÂ hire the consultant.Be sure you understand the meaning of ânet proceedsâ. Most business majors should know this term, butÂ other majors may need to check the definition. Be sure your written report includes all of the elements of the quantitativeÂ analysis approach, and makes a firm, supported, recommendation to Bill.