Question: HELP PLEASE. Using the following information to answer the questions below. Expand so, High Demand (P.) 2 $0, Do Nothing la Low Demand (P) SO,

HELP PLEASE.

Using the following information to answer the questions below. Expand so, High Demand (P.) 2 $0, Do Nothing la Low Demand (P) SO, Expand Small Expand Large High Demand (P) so, 1b Low Demand (P) SO, Demand likelihood: Probability of high demand: P = 0.6. Probability of low demand: PL = 0,4 o Outcome values (in %): o O. = 69. o O2 = 30 oO3 = 67. - 04 = 98 o Os = 34. What is the expected value at decision node 2? EV2 = 68 What is the expected value at chance node 1a? EV1 = 72. What is the expected value at chance node 1b? EV 16 = What is the expected value at decision node 1? EV= What is the optimal decision at decision node 1

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