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JB Manufacturers distributes a wide range of health care products throughout Caribbean Islands. They are seeking to expand their reach into the Turks and Caicos

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JB Manufacturers distributes a wide range of health care products throughout Caribbean Islands. They are seeking to expand their reach into the Turks and Caicos Islands. Based on their analysis of the TCI Business market they have identified two options for the expansion into TCI through: 1. Supermarkets, or 2. Pharmacies. The following information was obtained from the Business Analyst of JB manufacturers: SUCCESS FAILURE Supermarkets Probability Profits Probability Losses Sunny Foods .75 60M -50M Grace Way 46M -56M Pharmacies Flamingo 120M - 150M Menzies 80M -90M Required: a) Prepare a decision tree that outlines the expected values of the expansion options. (15 marks) b) Calculate the expected monetary value for each option. (20 marks) c) Assuming either option has the same investment outlay. Which option should JB manufacturing select

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