Question: HELP! Question 10. the question about spectrum nail salon. 1) draw a decision tree 2) solve the tree 3) what shoild spectrum do? May Farm

HELP! Question 10. the question about spectrum nail salon.
1) draw a decision tree
2) solve the tree
3) what shoild spectrum do?
HELP! Question 10. the question about spectrum
May Farm - question 10. Spectrum Hair Salon is considering expanding business, as it is experiencing a large growth. The whether it should expand with a bigger facility than nettet, hoping that demand will catch up, or with a small facilit knowing that it will need to reconsider expanding in three yean The management at Spectrum has estimated the folovin chances for demand: The likelihood of demand being high is 0.70. The likelihood of demand being low is 0.30. Estimated profits for each alternative are as follows: - Large expansion has an estimated profitability of the $100,000 or $70,000, depending on whether demand out to be high or low. Small expansion has a profitability of $50,000, assuming demand is low. Small expansion with an occurrence of high demand require considering whether to expand further de business expands at this point, the profitability is expected be 50.000 lit does not expand further, the profitab spected to be $60,000 Spectrum do? De a decision tree and solve the problem. Whar du W.Jody of lody's Custom Tailoring is considering and besoing bus. The question is what to dipund wit bigget facility than she needs of wish 1) Draw a decision tree 2) Solve the tree 3) What should Spectrum do? ted States) Focu MacBook Pro B I U A

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