Question: demand for the new product involves an uncertainty, which for planning purposes may be low demand, medium demand, or high demand. The probability estimates for

demand for the new product involves an uncertainty, which for planning purposes may be low demand, medium demand, or high demand. The probability estimates for the demands are 0.20,0.50, and 0.30, respectively. Letting x indicate the annual profit in $1000 s, the firm's planners developed profit forecasts for the medium- and large-scale expansion projects.
\table[[,,\table[[Medium-Scale],[Expansion Profits]],Large-Scale],[,,Expansion Profits,,,],[,,x,f(x),y,f(y)
 demand for the new product involves an uncertainty, which for planning

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