Question: I have the study case 1 decision trees for decision making.I also have the following updated data about probabilities:marketing estimates indicate a 6 0 %
I have the study case decision trees for decision making.I also have the following updated data about probabilities:marketing estimates indicate a chance of a large market in the long run and a chance of a low demand,developing initially as follows:iinitially high demand,sustained high,iiinitially high demand,long term low,iiiInitially low demand and continuing low,ivinitially low demand and subsequently high,The chance that demand initially will be high is the chance that will be initially low is if demand is high initially,the chances that it will continue at a high level is and finally if sales in the initial period are low,the chances that sales in the subsequent periods will be low is construct the decision tree taking into consideration that since initially low demand can be subsequently followed by high demand,after the initial years period,the choice to expand the plant must be considered.Name all decision nodes as DDetcand all event nodes as EEetcThen put all necessary information on event branchesprobabilitiesand terminal branchespayoffsplease find the payoff and I want them all in details.
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