Question: Please answer all these questions and I will give a thumbs up! 1. The correct decision tree for Dwayne is shown in figure? 1, 2

Please answer all these questions and I will give a thumbs up!

1. The correct decision tree for Dwayne is shown in figure? 1, 2 or 3?

2. To maximize the return, Dwaynes decision should be to?

3. For Dwayne, the expected value of an perfect information (EVPI) =

Please answer all these questions and I will give

Problem A.22 Dwayne Whitten, president of Whitten Industries, is considering whether to build a manufacturing plant in north Texas. His decision is summarized in the following table: Alternatives Build large plant Build small plant Don't Build Market Probability Favorable Unfavorable Market Market $360,000 - $200,000 $80,000 - $20,000 SO $0 0.40 0.60 FIGURE 1 Build Large F(0.40 360 24 -200 U(0.60) F(0.40 80 Build Small 24 20 -20 U(0.60) F(0.40 0 Don't Build U(0.60) F = Favorable, U = Unfavorable FIGURE 2 Build Large 24 F(0.40 360 -200 U(0.60) F(0.40) 80 Build Small 20 24 -20 (0.60) F(0.40 Don't Build U(0.60) F = Favorable, U = Unfavorable FIGURE 3 Build Large F(0.40) 360 24 -200 U(0.60) F(0.40) 80 Build Small 24 20 -20 U(0.60) F(0.40) 0 0 0 Don't Build U(0.60) F = Favorable, U = Unfavorable

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