1. Based on the below decision tree, what is the expected value (What is the value for the best decision alternative)?

Success (0.15)	2098
Moderate Success (0.4)	2098
Failure (0.45)	2098

Success (0.15)	2500
Moderate Success (0.4)	3030
Failure (0.45)	1000

Success (0.15)	5000
Moderate Success (0.4)	3500
Failure (0.45)	-909

2. Given high demand, what is the probability of a not improving economy?

	Improving Economy	Not improving economy
Given high demand	0.59
Given Low demand		0.54

3. Our original information was that the probability of High demand was .6. We collected the following new information about what happened to demand when there was an improving or not improving economy. Answer the below question.

Calculate the probability for low demand and the improving economy?

	Improving Economy	Not improving economy
Given high demand	0.84
Given Low demand		0.51

Decision alternative Sell Company Form Joint Venture Sell Software on own