Decision Making 1. On the recent assignment where you were asked to construct a payoff matrix for a decision regarding marketing wool from a goat business, you calculated the EMV for each alternative. Imagine that the alternatives related to that goat operation were part of a larger decision by the business to decide if they would potentially expand into raising poultry. For this part of the decision making process, they could either expand into selling broiler birds or turkeys. For each of these alternatives they can either raise the birds in a large barn that is already built or raise them in an outdoor pen facility. The costs for raising the broilers inside or outside are $10,000 and $15,000, respectively. The costs for raising the turkeys inside or outside are $23,000 and $29,000, respectively. Use the following information, as needed. Gross Profit (not including costs) for raising the birds (applies to inside or outside production) Market up Market same Market down Probability 0.5 0.4 0.1 Broilers $65,000 $45,000 $25,000 Turkeys $85,000 $70,000 $45,000 Using the information from the payoff matrix assignment plus this new information, construct a decision tree which shows the full set of alternatives and associated calculations. After constructing the full decision tree, explain which choice among the alternatives is the most profitable