Question
Based on the below decision tree and the following probabilities answer the below question: Probability of an improving economy is 0.69, When you have
Based on the below decision tree and the following probabilities answer the below question: Probability of an improving economy is 0.69, When you have an improving economy the probability of high demand is 0.7 When you have a not improving economy the probability of high demand is 0.41 E. Improving Decision alternative A. Expand State of Nature Payoff High Demand 2200 Low Demand 1400 Economy B Outsource High Demand Low Demand 1800 1700 ?G C. Expand High Demand Low Demand F. Not Improving Economy D. Outsource High Demand Low Demand What is the value of G? Submit Answer format: Number: Round to: 2 decimal places.
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