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write a comprehensive and accurate caculations for expected payoff comaraison with the following: Beginning from the highest level of demand, if the demand is classified
write a comprehensive and accurate caculations for expected payoff comaraison with the following: Beginning from the highest level of demand, if the demand is classified as 'Very High', the company's profit will be less than $20 million. In a scenario where the demand is 'High', the company stands to gain a profit of $0.2 million, provided their investment is less than $10 million. When the demand is 'Medium', the company can expect a profit of $0.6 million, assuming their investment falls within the range of $1 million to $6 million. If the demand drops to 'Low', the company can still make a profit of $0.4 million, but only if their investment is between $4 million and $5 million. However, if the demand plummets to 'Very Low', the company will incur a loss of $1 million, given that their investment is less than $1 million. To calculate the expected payoffs, we need to multiply the profit of each demand level by the probability of that demand level occurring. For example, if the probability of 'High' demand is 0.3, the expected payoff for 'High' demand would be 0.3 * $0.2 million = $0.06 million. We would do this for each demand level
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