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The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outet The owner estates that. monthly profits

The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outet The owner estates that. monthly profits will vary with demand for cookies as follows.SIZE OF OUTLETDEMANDLOWHIGHSmall$1,0001,000Medium5002500Large03.000100%If there is a 30% chance that demand will be inign, what is the expected payoff with perfect information?

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