Question: A clear answer please Part A: (4 marks) A company wishes to go ahead with one of three mutually exclusive projects, but the profit outcome
Part A: (4 marks) A company wishes to go ahead with one of three mutually exclusive projects, but the profit outcome from each project will depend on the strength of sales demand, as follows. Strong demand profit $ 70,000 25,000 50,000 Moderate demand profit $ 10,000 12,000 20,000 Weak demand profit (loss) $ (7,000) 5,000 6,000) Project 1 Project 2 Project 3 0.1 0.4 0.5 Probability of demand Instructions: What is the value to the company of obtaining this perfect market research information, ignoring the cost of obtaining the information? Focus
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