A real-estate developer has the choice to construct a new apartment complex. If the housing market is favourable, they will earn significant profits, but if it is not, they stand to lose significant amounts They believe that there is a 70% chance of a favourable market. To aid their decision-making they can pay for a survey to give them better information on whether the housing market will be favourable or not There is a 65% chance that the survey will indicate a favourable market and a 35% chance that it will not. The net profits for eadh branch, including all relevant revenues and costs are displayed to the rightmost end of the decision tree below. Other relevant probabilities are also included What is the expected monetary value (EMV) of this project? Favoura 0.86 Construct Favourable Study Unfavou 0.65 Norconste Survey Favour Coursework 1: MX Post Attendee-Zex Mail-maria jagde x BY Welcome-myCan X C attempt.php?attempt=414520&cmid=596807&page=12 Net Profit Favourable 100000 0.86 Construct Favourable Study Unfavourable-60000 0.65 Not Constr -20000 Survey Favourable 60000 0.4 0.35 Construct Unfavourable Study Unfavourable -50000 Not Consti -20000 Favourable 80000 0.2 Construct No Survey Unfavourable 50000 Not consta 0000 EMV - 45.000 15000 EMV - 50.000