Answer D-G using pencil and paper. message me for any questions

Use the appropriate label unit of measurement in your answers. Go up to 5 decimal places for higher accuracy. (SHOW YOUR COMPLETE WORK) Fidelity Manufacturing, Inc. plans to open a new plant in Kansas. The company can open a full-sized plant now or a medium-sized plant now or a small- sized plant now depending on the levels of future demand. The future demand levels may be high, medium, or low. The following table gives the estimated annual income for each decision alternative under each level of future demand: STATES OF NATURE DECISION (Future Demand Levels) ALTERNATIVES High Demand Medium Demand Low Demand Full-sized plant now $2,000,000 $1,000,000 -S600,000 Medium-sized plant now $1,800,000 $1,200,000 -S300,000 Small-sized plant now $800,000 $600,000 -$125,000 RADOVI Vest X PprouCHT WIB ats) Vhick points) Cor cual income? pomst Fidelity's analysis resulted in the following probabilities for the three future demand levels: P(high demand) = 0.70; P(medium demand)=0.20; and P(low demand) = 0.10 d. Construct a decision tree for this problem. [10 points) e. If maximum expected monetary value (EMV) is used as the decision criterion, which decision alternative should Fidelity Manufacturing select? What is the corresponding expected annual income? [13 points) Suppose a marketing research firm is trying to sell the perfect information about the future demand to Fidelity Manufacturing, which will help Fidelity select the best alternative. What would be the expected value of perfect information (EVPI) for Fidelity? 17 points g. If the marketing research firm were asking $85,000 for the perfect information, would you advise Fidelity to buy the information? Explain your reasoning. 12 points)