Question $3,$ Problem $5\mathrm{.}19$

HW Score: $0\%,0$ of $20$ points

$\backslash$times $|||>$ Points: $0$ of $2$

MacDonald Products, Inc., of Clarkson, New York, has the option of

$($a$)$ proceeding immediately with production of a new top$-$of$-$the$-$line stereo TV that has just completed prototype testing or

$($b$)$ having the value analysis team complete a study.

If Tyrone Martin, VP for operations, proceeds with the existing prototype $($option a$),$ the firm can expect sales to be $100,000$ units at $$510$ each, with a probability of $0\mathrm{.}31$ and a $0\mathrm{.}69$ probability of $60,000$ at $$510.$ If$,$ however, he uses the value analysis team $($option b$),$ the firm expects sales of $90,000$ units at $$700,$ with a probability of $0\mathrm{.}79$ and a $0\mathrm{.}21$ probability of $60,000$ units at $$700.$ Value engineering, at a cost of $$115,000,$ is only used in option $b.$ Which option has the highest expected monetary value $($EMV$)?$

The EMV for option a is $ and the EMV for option $b$ is $ $.$ Therefore, option has the highest expected monetary value. $($Enter your responses as integers.$)$

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