Question: PLEASE SHOW YOUR WORK ON EXCEL AND PROVIDE ANY FORMULAS THAT WERE NEEDED. Demand 2. Subway is about to open a new store. Three locations

PLEASE SHOW YOUR WORK ON EXCEL AND PROVIDE ANY FORMULAS THAT WERE NEEDED.

Demand 2. Subway is about to open a new store. Three locations are under consideration, with possible outcomes (depending on demand) as shown in the table to the right. The three states of demand have known probabilities: Low = 20%, Medium = 55%, and High = 25%. Medium (559) High (25%) Low Location (20%) Large 10 Medium 15 40 90 50 60 Small 35 40 45 a (2pts) Which location size(s) will give the highest expected monetary value? b. (2pts) What is the expected value of perfect information

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