Question: Demand 2. Panda Express is about to open a new store. Three locations are under consideration, with possible outcomes (depending on demand) as shown in

Demand 2. Panda Express is about to open a new

Demand 2. Panda Express is about to open a new store. Three locations are under consideration, with possible outcomes (depending on demand) as shown in the table to the right. The three states of demand have known probabilities: Low = 25%, Medium = 35%, and High = 40%. Low Location (25%) Medium (35%) High (40%) Large 25 60 95 30 65 75 Medium Small 50 60 65 a. (2pts) Which location size(s) will give the highest expected monetary value? b. (2pts) What is the expected value of perfect information

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