Question: - Decision Apple is trying to decide whether to build a larger plant to meet the possibility of higher demand for their product in the

- Decision Apple is trying to decide whether to
- Decision Apple is trying to decide whether to build a larger plant to meet the possibility of higher demand for their product in the future. There is a 60% chance of high demand and a 40% chance of low demand. If they build a larger plant, they will earn $10M if there is high demand and $-15M if there is low demand. If they decide not to build a larger plant, they will earn $5M if there is high demand, and $3M if there is low demand. What is the expected value of the best option? Answer in $M rounded to one decimal, so if you solve the answer to be $15.32M, type 15.3

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