Question: 2. Panda Express is about to open a new store. Three locations are under consideration, with possible outcomes (depending on demand) as shown in the

2. Panda Express is about to open a new store. Three

2. Panda Express is about to open a new store. Three locations are under consideration, with possible outcomes (depending on demand) as shown in the table to the right. The three states of demand have known probabilities: Low =20%, Medium =30%, and High =50%. a. (2pts) Which location size(s) will give the highest expected monetary value? b. (2pts) What is the expected value of perfect information

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