Chris Suit is administrator for Lowell Hospital. She is trying to determine whether to build a large wing on the existing hospital, a small wing or no wing at all.
POPULATION TREND
Growth Stable
Build large wing 150 thousand - 85 thousand
Build small wing 60 thousand -45 thousand
do not build 0 0
Assuming that each state of nature has the same likelihood, determine the best alternative.
The best alternative is to (build large wing, small wing, or not build), with an EMV= $ ____ thousand (round to one decimal place)