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Celeste23 Celeste23
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5 years ago
The Vacation
Final exams are almost here and once they are done, it will be time to reward myself with a well-deserved vacation. As a state employee, I haven't seen a raise since... well, ever. Thus an important criterion, in fact the most important criterion is to find an exotic region that can be visited inexpensively. There are three states of nature that could impact costs in these five areas of interest, and they correspond to the relative strength of the US Dollar against that region's dominant currency. Rather than squander my time doing any actual publishable research, instead I have determined the average cost per day to visit each region under each of the possible states of nature. This table, which should not be construed as actual vacation advice, appears below.

RegionStrong DollarMiddling DollarWeak Dollar
Eastern Europe335457
Southeast Asia415636
Australia454458
Galapagos Islands373526
Scandinavia381148

An optimistic vacationer would opt for:

• Scandinavia.

• Galapagos Islands.

• Australia.

• Eastern Europe.
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
Author:
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kristen_m17kristen_m17
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5 years ago
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Celeste23 Author
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5 years ago
Thanks
dedricgard
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
TAT1238
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2 hours ago
Correct Slight Smile TY
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