Magement Department 1. Maria Rojas is considering the possibility of opening a small dress shop on Fairbanks Avenue. A few blocks from the university. She has located a good mall that attracts students. Her options are to open a small shop, a medium-sized shop, or no shop at all. The market for a dress shop can be good, average, or bad. The probabilities for these possibilities are 0.2 for a good market, 0.5 for an average market, and 0.3 for a bad market. The net profit or loss for the medium-sized or small shops for the various market conditions are given in the following table. Building no shop at all yields no loos and no gain. (5 marks) Alternative Good Average Bad Market Market Market Small Shop 75,000 25,000 -40,000 Medium-Sized shop 100,000 35,000 -60,000 No shop O Draw the proper decision tree and solve using EMV? Draw the appropriate decision tree and calculate the EVPI for the