Question: and 3 decimal places for smaller numbers less than 1. market demand or low market demand, with probabilities of 0.55 and 0.45, respectively. The following

and 3 decimal places for smaller numbers less

and 3 decimal places for smaller numbers less than 1. market demand or low market demand, with probabilities of 0.55 and 0.45, respectively. The following payoff table describes the company's decision situation (all numbers are in thousands). Note that some numbers are negative. - Fill in the following blanks. Keep two decimal places for your calculations. - What is the best decision based on expected value approach? (Expand/Acquire/Subcontract) - How much is the expected payoff if the company has full information about the demand? - Calculate the expected value of perfect information

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