Question: please solve it by hand in clear handwriting 1) A company is studying the feasibility of marketing the Ventilator Masks. Undertaking this project would require

please solve it by hand in clear handwriting please solve it by hand in clear handwriting 1) A
please solve it by hand in clear handwriting 1) A
please solve it by hand in clear handwriting 1) A
1) A company is studying the feasibility of marketing the Ventilator Masks. Undertaking this project would require from the company either producing or buying the Ventilator Masks and the company has the option of do nothing. The market for the product could be either high demand, medium demand or low demand. Build the decision tree. 2) Given the following conditional value table, determine the appropriate decision under uncertainty using: 1) Optimistic method 2) Pessimistic method 3) Equally likely method States of Nature Maximum Minimum Row Average Alternatives Fair Poor in Row in Row Good Market Market Market $200,000 $80,000 $20,000 Construct large plant Construct medium plant Construct small plant $120,000 $50,000 $10000 S60,000 $25,000 SS000 Do nothing SO SO SO 1. Optimistic method decision: 2. Pessimistic method decision: 3. Equally likely method decision: 3) Given the following conditional value table, determine the appropriate decision under risk using Expected Monetary Value (EMV) and the probabilities of states of nature as follow: Good Market (0.40), Fair Market (0.40), Poor Market (0.20). States of Nature Alternatives Good Market Fair Market Poor Market $180,000 $100,000 1- Construct large plant 2- Construct small plant 3- Do nothing -$160,000 -$20,000 $80,000 $30,000 SO SO SO

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