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Success Level Big Mediocre Failure Malaysia Probability 0.3 0.3 0.4 Units 1,300,000 650,000 0 Philippines Probability 0.7 0.1 0.2 Units 1,100,000 352,000 0 Singapore Probability
Success Level Big Mediocre Failure Malaysia Probability 0.3 0.3 0.4 Units 1,300,000 650,000 0 Philippines Probability 0.7 0.1 0.2 Units 1,100,000 352,000 0 Singapore Probability 0.5 0.3 0.2 Units 600,000 360,000 0 The produtt seils for $30, and each unit has a constant marginai mat of $24. Assume that the (xed) cost of entering the market (regardless of which market you select] is $750,000. In the followmg table, enter the expected number of units sold, and the expected prot, from entering each market, Market Expected Number of Units Sold Expected Prot If you were to enter one of the previously described markets, which one would you enter in order to earn the highest expected profit? 0 Singapore 0 Malaysia 0 Phiiippines
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