economy away from a reliance on oil. One of the initiatives under co the construction of a new business complex. The complex will be lo international airport and will consist of a number of purpose built busin is also expected to maximize the financial return on the project. Ho facing some uncertainty particularly in relation to the expected dema the complex. PDC president gave two possible chance event outco demand and a weak demand. 51 = strong demand for the units 52 = weak demand for the units As a result of this uncertainty, PDC has commissioned three alternativ complex: D1 = to build a small complex of 30 business units D2= to build a medium sized complex of 60 units D3=to build a large complex of 90 units. State of nature Decision Alternative Strong Demand Weal S1 Small complex, D1 8 Medium Complex, D2 14 Large Complex,D3 20 Table show, payoff table for the PDC project (in million Rials) Draw a decision tree. PDC is optimistic about the potential for the com that this optimism leads to an initial subjective probability assessme demand will be strong(S1) and corresponding probability of 0.2 that de weak (S2), Calculate the expected value for each of the three decisi and draw a decision dree. What is the recommended decision using tree with expected value? and why? Now, PDC to make the best pos