Question: can you please answer the question two alternatives using same decision tree solution method (draw the decision tree) Alternative 1 Mercy hospital could build a

can you please answer the question two alternatives using same decision tree solution method (draw the decision tree)
can you please answer the question two alternatives using same decision tree

Alternative 1 Mercy hospital could build a new facility, either large or medium. If a large facility is built demand could be high or low with a payoff of $25 million if high and $19 million if low. If a medium facility is built the demand could be high, average, or low. At high demand the payoff will be $30 million, average demand, payoff will be $20 million, and low demand payoff will be $18 million. Alternative 2 Mercy hospital could maintain their current facility where their demand will be high, average, and low. At low demand they will have a payoff of $24 million, average demand a payoff of $28 million and high $35 million. At high demand they could also choose to expand by building an extension to the current facility. If they chose to expand, they will have either an average demand of $30 million or a standard payoff of $22 million regardless of the demand

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