Question: The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Amber Gardner's software firm: Demand Level 0.30

 The following payoff table provides profits based on various possible decision

The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Amber Gardner's software firm: Demand Level 0.30 0.70 Low High Alternative $12,500 B $7,500 ($2,000) * Profits in $ thousands $30,000 $41,000 $50,000 1. Using Excel, create an XY plot the expected-value lines for the three alternatives on a graph. Label the graph completely and clearly

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