Module A Homework Score: 0.5 of 1 pt 8 of 14 (14 complete) Problem A.6 Jerry Bildery's factory is considering three approaches for meeting an expected increase in demand. These three approaches are increasing capacity, uning ove moderately (M), or greatly (G). The profits for each approach under each possible scenario are as follows: Demand Scenario Slight Moderate Great Approach Increase Increase Increase Capacity $700.000 $700,000 $700,000 Use Overtime $500,000 $570,000 $900.000 Buy Equipment $600,000 $840,000 $340,000 For example, if Jerry increases the capacity and the demand increases slightly, he will realize a profit of $700,000. Since the goal is to maximize, and Jerry is risk-neutral, he decides to use the Equally Likely decision criterion to make the decision as to which approach to use The EMV of this decision is $(enter your answer as a whole number). Increase Enter your answer in the answer box and then click Check Answer. ork RPM San B of 14 (14 complete) HW Score: 85.12%, 11.92 of 14 pt Question Help ed increase in demand. These three approaches are increasing capacity, using overtime, and buying more equipment. Demand will increase either slightly (5) ssible scenario are as follows: Demand Scenario Slight Moderate Great Approach Increase Increase Increase Increase Capacity $700,000 $700.000 $700,000 Use Overtime $500,000 $570,000 $900,000 Buy Equipment $600,000 $840.000 $840.000 ly, he will realize a profit of $700.000 Equally Likely decision criterion to make the decision as to which approach to use. According to this criterion, the appropriate decision will be Buy Equipment Chook Arsa HW Score: 85.12%, 11.92 of Question Help expected increase in demand. These three approaches are increasing capacity, using overtime, and buying more equipment. Demand will increase either slightly (8) ch possible scenario are as follows: Demand Scenario Slight Moderate Great Approach Increase Increase Increase Increase Capacity $700,000 $700,000 $700,000 Use Overtime $500,000 $570,000 $900,000 Buy Equipment $600,000 $840,000 $840,000 slightly, he will realize a profit of $700,000. so the Equally Likely decision criterion to make the decision as to which approach to use. According to this criterion, the appropriate decision will be Buy Equipment c)