=+10. As chairman of the board of ASP Industries, you estimate that your annual profit is given by the table below. Profit 1Π2 is conditional upon market demand and the effort of your new CEO. The probabilities of each demand condition occurring are also shown in the table.

Market DeMaND low DeMaND MeDIuM DeMaND HIgH DeMaND Market probabilities .30 .40 .30 low effort Π = $5 million Π = $10 million Π = $15 million High effort Π = $10 million Π = $15 million Π = $17 million

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