Question: Please help me get this answer. QUESTION 5 3.5 points m The CEO must present a plan to the board whether to build a small

Please help me get this answer.

Please help me get this answer. QUESTION 5 3.5 points m The

QUESTION 5 3.5 points m The CEO must present a plan to the board whether to build a small plant or a large plant for the company. The payofftable [in S} is as follows: Action Event Probability Small plant Large plant High demand 0.65 270 380 Low demand 0.35 195 100 Before the board meeting, the CEO obtained a market demand forecast report In the past. when the demand was high. the forecast indicated high demand "096 of the time. when the demand was low, the forecast indicated low demand 80% of the time. The latest forecast indicates low demand. a. Compute the revised probabilities with Bayes' rule now that you know that the latest forecast indicates low demand. Write down the form ulaltable and solve

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