proves to be high, then no advertising is needed and the payoff is $$600,000.$

a$)$ What should Cheryl do to maximize her expected payoff?

Choose the correct C$.$

D$.$

heryl should build the

facility. If demand proves to be low, then

to stimulate demand.

What is the value of this expected payoff?

he expected payoff is $ $($round your response to the nearest dollar$).$decision tree below. Note that all payoffs are in $$1,000$ s$.$

A$.$

C$.$

c$.$

D$.$

B$.$