please help me answer this one thank you Jose loves to eat out in area restaurants. His favorite foods are Mexican, Italian, Chinese, and Thai. On the average, Joe paysP400 for a Mexican meal, P600 for an Italian meal, P360 for a Chinese meal, and 440 for a Thai meal. Jose's eating habitsare predictable: there is a 70% chance that today's meal is a repeat of yesterday's, and equal probabilities of switching toone of the remaining three.How much does Joe pay on the average for his daily dinner?(A) P400B) P550C) P500D) P600E) P450

Given: Cost of Mexican meal (M) = 400 Cost of Italian meal (I) = 600 Cost of Chinese meal (C)= 360…

Answered: ose loves to eat out in area…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 46P

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