Question: Based on the below decision tree and the following probabilities answer the below question: Probability of an improving economy is 0.61, When you have an

Based on the below decision tree and the following probabilities answer the below question:

Probability of an improving economy is 0.61,

When you have an improving economy the probability of high demand is 0.7

When you have a not improving economy the probability of high demand is 0.31

What is the value of G?

Decision alternative State of Nature Payoff A. Expand High Demand Low Demand 2200 1400 E. Improving Economy B Outsource High Demand Low Demand 1800 1700 ?G C. Expand High Demand Low Demand F. Not Improving Economy D. Outsource High Demand Low Demand What is the value of G

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