Question: computer typing please Howard Weiss, Inc. is considering building a sensitive new radiation scanning device. His managers believe that there is a probability of 0.40

computer typing please Howard Weiss, Inc. is
computer typing please
Howard Weiss, Inc. is considering building a sensitive new radiation scanning device. His managers believe that there is a probability of 0.40 that the ATR Co will come out with a competitive product If Weiss adds an assembly line for the product and ATR Co does not follo competitive product. Weiss's expected profit is $40,000, if Weiss adds an assembly line and ATR follows suit. Weiss still expects $15,000 profit. If Wels plant addition and ATR does not produce a competitive product Weiss expects a profit of $600,000, if ATR does compete for this market. Weiss expect $120,000 a) Expected value for the Add Assembly Line option = $ (enter your answer as a whole number). Expected value for the Build New Plant option = 5 (enter your answer as a whole number). The alternative that provides Weiss the greatest expected monetary value (EMV) is The value of the return under this decision is (enter your answer as a whole number). b) The expected value of perfect information (EVPI) for Weiss (enter your answer as a whole number)

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