hi , the topic is a decision making under conditions of uncertainty. I need help with this exercise, to find the expected value for each color I will be so thankful

AutoSave (0 Off) H - 0 - AC6002 - IM MAY 2021 QUESTIONS Alternative Assessment - Compatibility Mode - Word Search File Home Insert Design Layout References Mailings Review View Help Royal Docks pic can do this at one of three different colours; Red, Yellow or Blue to match Red, Yellow or Blue levels of construction and paintings contracts that the company gets. The probability of painting colours being Red is 0.3, being Yellow is 0.4 and being Blue is 0.3. The contract must be entered into before the painting quality will be known. Colours E million Colours f million Contract costs: Sales Revenue Red 3.6 Red 24 Yellow 2.4 Yellow 17 Blue 1.6 Blue 6.4 Royal Docks can upgrade the colours for an additional costs as follows: Blue to Yellow 1.2 Blue to Red 3.0 Yellow to Red 1.6 The Junior Management Accountant estimates the variable costs as follows: 45%, 40% and 35% for Red, Yellow and Blue sales revenue respectively. There is no refund available if the level of demand is over estimated and Royal Docks pic enters into the wrong level of contract. Tis 1. Prepare a summary that shows the forecast net margin that the company will earn for the following year for each possible outcome Page 3 of 9 2209 words . English (United Kingdom) Focus Type here to search O W X