Question: please explain HOW to get the answer so i can undertand. please do not just copy the table and then the answer. i need the

please explain HOW to get the answer so i can undertand. please do not just copy the table and then the answer. i need the step by step please.

Question 6 0/2 pts A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision on capacity for next year. The capacity alternatives are Do Nothing, Expand, and Subcontract. Estimated profits (in thousands) under each of the two possible states of nature (Low Demand, High Demand) are shown in the table below. Alternatives: Low Demand 53 High Demand 59 Do Nothing Expand Subcontract 20 82 41 70 Suppose after a certain amount of discussion, the contractor is able to subjectively assess the probability of low demand as 24%, with high demand accounting for the remaining probability. What is the expected value with perfect information (in thousands)? Answered 59.960 tect Answer 75.04 margin of error +/- 0.001

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