The owners of the Swansea Organic Milk Dairy have determined that they need to

expand their facility in order to meet the projected increased demand for locally

sourced, organic milk. The decision is whether to expand now with a large facility or

expand small, with the possibility of having to expand again in three years. The

owners have estimated the following chances for demand:

$$ The likelihood of demand being high is $0\mathrm{.}65$

$$ The likelihood of demand being low is $0\mathrm{.}35$

Profits for each alternative have been estimated as follows: