Need help with 2,3 and 4.

PLEASE ANSWER THE FOLLOWING FOUR QUESTIONS. FOR QUESTION #1, YOU MUST SHOW YOUR COMPLETE CALCULATIONS FOR FULL CREDIT. 1. (SHOW YOUR COMPLETE WORK) Determine whether alternative A, B, or C has the highest expected monetary value (EMV) for the decision tree diagram below. [37 points) S500,000 (0.70) ) $475,000 (0.30) (0.70) $900,000 E (0.60) (0.30) (S420,000) S480,000 (0.40) (0.70) S510,000 Alternative A (0.30) $400,000 S482,000 (0.60) Alternative B (0.70) $915,000 (0.40) H (5445,000) (0.30) (0.70) S488,000 Alternative C (0.30) S560,000 S495,000 (0.70) S505,000 K (0.60) ( (0.30) S495,000 (0.70) $890,000 $ (0.40) (0.30) (S435,000) M $500,000 2. Identify the factors that influence new product opportunities. [6 points) 3. Outline the advantages and disadvantages of standardization. 15 points) 17 points) 4. Identify and outline the steps involved in building the House of Quality. Prashant Tarun Page 2