Bakery Products is considering the introduction of a new line of pastries. In order to produce the new$$ line, the bakery is considering either a major or a minor renovation of its current plant. Bill$$ Wicker, head of$$ operations, has developed the following conditional values$$ table:

$$

Alternatives

Favorable Market

Unfavorable Market

Major renovation

$$$$100,000$

minus$$$$90,000$

Minor renovation

$$$$40,000$

minus$$$$20,000$

Do nothing

$$$$0$

$$$$0$

Assume that the probability of a favorable market is equal to the probability of an unfavorable market.

Part $2$

$$a$)$ Choose the appropriate decision tree showing payoffs and probabilities.