Question: Dwayne Whitten president of Whitten Industries is considering whether to

Dwayne Whitten, president of Whitten Industries, is considering whether to build a manufacturing plant in north Texas. His decision is summarized in the following table:



a) Construct a decision tree.
b) Determine the best strategy using expected monetary value (EMV).
c) What is the expected value of perfect information(EVPI)?
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  • CreatedMarch 20, 2014
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