Question: I would like to see the problem solved by hand step-by-step so that I can understand how to solve it. Thanks so much! Problem 5.

I would like to see the problem solved by hand

I would like to see the problem solved by hand step-by-step so that I can understand how to solve it. Thanks so much!

Problem 5. Determine the course of action that has the highest expected payoff for this decision tree. Problem 5. Do nothing Small demand (4) Expand Medium demand (5 Large demand (1) Do nothing Expand Build Subcontract Do nothing Other use 21 Other use 82 Small demand (4) Expand Medium demand (.5) Large demand (1) Do nothing Subcontract Bulld Do nothing Other use 81 Other use 12 Small demand (4) Medium demand (5) Do nothing Large demand (1) Other use 11 Other use 2 Net present value in millions

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