Task 3 Luxury & Co has decided to start producing a new line of recreational products. This resulted in the need to construct either a small, or medium, or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, the marketing team in Luxury & Co has decided to view the possible long-run demand as low, medium, or high. The probabilities for the three events were assessed as: P(low demand)[0.38;0.48]; P(medium demand)