Question: Problem 2: Part 3: (Continued) b) Assuming that there is a 0.3 chance of low demand (4000 pizzas), draw a decision tree illustrating the possible

Problem 2: Part 3: (Continued) b) Assuming that

Problem 2: Part 3: (Continued) b) Assuming that there is a 0.3 chance of low demand (4000 pizzas), draw a decision tree illustrating the possible alternatives and states of nature along with the payoffs for this situation -- clearly label all nodes, branches, and payoffs. c) Compute the EMV for both alternatives. d) Based on the EMV, which oven should the pizza shop owner invest in and why? Problem 2: Part 3: (Continued) b) Assuming that there is a 0.3 chance of low demand (4000 pizzas), draw a decision tree illustrating the possible alternatives and states of nature along with the payoffs for this situation -- clearly label all nodes, branches, and payoffs. c) Compute the EMV for both alternatives. d) Based on the EMV, which oven should the pizza shop owner invest in and why

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