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Question 5 A company has outcomes for four different decision-making options they have. The following table shows the payoff of each alternative: Payoffs Outcomes alternative High demand Moderate demand Low demand Larger Plant $200,000 $120,000 $100,000) Median plant $130,000 $110,000 ($70,000) Small plant $75,000 $35,000 ($20,000) No plant SO SO SO Prior 0.1 0.7 0.2 Probability The company is considering using a survey company that offers some sample information that may not be very accurate for better decision making for a value of $3,000 in this example. They have provided the following probabilities for all alternatives being considered here: Positive= 52.90% Negative=47.10% High Demand= 15.88% 3.40% Moderate Demand= 79.40% 59.45% Low Demand= 4.73% 37.15% How much is the expected monetary value (EMV) at the larger plant with no survey? $84,000 $117,310 OOOO $0 $119,310 Submit answer Exit