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b} him Industries is considering the introduction of a new product to its existing product range. It has dened two levels of sales as high

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b} him Industries is considering the introduction of a new product to its existing product range. It has dened two levels of sales as \"high" and \"low" on which to base its decision and has estimated the charges at which each market level will occur together with the costs and consequential prots f loses. This information is summarizedbelow; Probability hIarket the product Do not market the \"@0300" product \"IlJltlll\" mm mm - The company's marketing manager suggests amarlret research survey be undertaken to provide nther information on which to base the decision. [in past experience, with a certain market research organization, the marketing manager assesses its ability to give good information in the light of subsequent actual sales achievements as follows; Actual Market research survey outcome Market \"high\" market \"low" Required I. Given that, to undertake the market research survey will cost 2D,l},, state whether or not there is a case for employing the market research organization II. Construct a decision tree for the problem with the alternatives of undertaking or not undertalcing the survey and to advise the company on its best course of action

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