Company al MAHAR has developed a new line of products. Top management is attempting to decide on the appropriate marketing and production strategy. Three strategies are being considered, which we will simply refer to as A (aggressive), B (basic) and C (cautious). The market conditions under study are denoted by Poor , Moderate or High . Management's best estimate of the net profits (in millions of OMR ) in each case is given in the given tree. Management's best estimates of the probabilities of a strong or a weak market are given in the table .Draw a decision tree based on the attached “Cost and Quantitative Management (CIVL 0029.1)-Coursework-Data” in Excel sheet Which strategy should be chosen under Earned Value Management ( EMV ).  

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STRATEGIES POOR MODERATE HIGH A 8 29 9. 43 72 63 11 9. PROBABILTIES 3 STRATEGIES POOR MODERATE HIGH A 8 29 9. 43 72 63 11 9. PROBABILTIES 3