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Solve the following problems for homework. You should follow the format given in the example problems when using Word. Show all work, where...

Hi, I need help. Assume the Burger Doodle Restaurant is considering two ways to expand operations by either opening a drive-up window or serve breakfast. The increase in profits resulting from these proposed expansions depends on whether a competitor opens a franchise down the street. the possible profits from each expansion in operations, given both future competitive situations are as follows.

Decision open not open
drive-up window $-6,000 $20,000
Breakfast 4,000 8,000

select the best decision using the following decision criteria.
a. maximax
b. maximini
Solve the following problems for homework. You should follow the format given in the example problems when using Word. Using a Word document, please show all work in print form; do not do by hand and scan. Show all work, where appropriate, and list all information given and assumptions. See postings of example problems for format and presentation of problems and solutions. Name the file as "XXX.HW2" where XXX are the initials for your name. Please put the completed homework file in the Week 2 - Homework dropbox. Submit a Word document, no others extensions. Homework due end of Week 2. Chapter 12 (Decision Analysis) Problems 2, 8, 16, 22, 32 Grading will be as follows: 1) the correctness and ability of the approach to solving the assigned problems (25%), 2) data analysis (25%), 3) the correctness of the answers (25%), and 4) documentation of problem and solutions according to the instructions (25%). All assignments must be submitted as either a Word or Excel file (all problems in one file) to the dropbox.
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