The new business venture. Best in World, has been manufacturing technology devices for over 20 years and is considering adding a new technology device to its muske Ine. They have an established reputation for building quality devices but they are rather novice in the music industry. The Chief innovation and Design Officer, julle Nagles tasked with hiring a marketing firm to conduct a survey to determine the feasibility and demand for their new music device. The follow decision table llustrates the potential payoffs for a high demand, moderate demand and low demand for the new musik, device. The decision will be whether to start production on this new device in small scale, large scale or not at all Decision Table State of Nature Alternatives Small-scale production Large-scale production No production Probabilities High Demand 800.000 1,500,000 Moderate Demand 200.000 Low Demand -200.000 - 1,000,000 500,000 0 0 0 0.30 0.25 0.45 Step 2 of 3 What is the Expected Value with Perfect information Answer T Tables Keypad Keyboard Shortcuts