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 music line. They have an established reputation for building quality devices, but they are rather novice in the music industry. The Chief Innovation and Design Officer Naugle-Hall, is 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 demand, moderate demand and low demand for the new music device. The decision wit be whether to start production on this new device in small scale, large scale or not at all Decision Table Alternatives Small-scale production Large-scale production No production Probabilities State of Nature High Demand Moderate Demand 800,000 200.000 1.500,000 500,000 0 0 Low Demand - 200,000 - 1,000,000 0 0.45 0.30 0.25 Step 1 of 3: Calculate the EMV for each alternative . Crospordou) ODOSIS.CAT 000000 S = ( small-scale