Quantitative Techniques

[Chuks2000]

Mr. X flies quite often from town A to B. he can use the airport bus which costs #25 but if he takes it, there is a 0.08 chance that he will miss the flight. the stay in a hotel cost #270 with a 0.96 chance of being on time for the flight. For #350 he can use a taxi which will make 99% chance of being on time for the flight. If Mr X catches the plane on time he will conclude a business transaction that will produce a profit of #10, 000, otherwise he will lose it. which mode of transport should Mr. X use? answer on the basis of emv criterion