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:

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

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

A$.$

C$.$

B$.$

D$.$

$1$