PROBLEM 2 Howard Weiss, Inc., is considering building a sensitive new radiation scanning device. His managers believe that there is a probability of 0.55 that the ATR Co. will come out with a competitive product. If Weiss adds an assembly line for the product and ATR Co. does not follow with a competitive product, Weiss's expected profit is $45,000; if Weiss adds an assembly line and ATR follows suit, Weiss still expects $9,000 profit. If Weiss adds a new plant addition and ATR does not produce a competitive product, Weiss expects a profit of $550,000; if ATR does compete for this market, Weiss expects a loss of $90,000. Based on an EMV calculation, suggest what Weiss should do. 6 146 000 Dashboard Calendar To Do Notifications Inbox