Question: A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated

A manager is trying to decide whether to build aA manager is trying to decide whether to build a

A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.40,0.35, and 0.25, respectively. is expected to earn $25,000 and can be expanded to medium size to earn $60,000 or to large size to earn $150,000. $145,000 Choose the correct decision tree below. Note that each payoff is given in thousands ($000). What should management do to achieve the highest expected payoff? The management should build a in order to achieve the highest expected payoff of $ (Enter your response as a whole number.) A manager is trying to decide whether to build a small, medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.40,0.35, and 0.25, respectively. is expected to earn $25,000 and can be expanded to medium size to earn $60,000 or to large size to earn $150,000. $145,000 Choose the correct decision tree below. Note that each payoff is given in thousands ($000). What should management do to achieve the highest expected payoff? The management should build a in order to achieve the highest expected payoff of $ (Enter your response as a whole number.)

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