Today$$s electronics specializes in manufacturing modern electronic components. It also builds

the equipment that produces the components. Phylis Wienberger, who is responsible for

advising the president of Today$$s Electronics on electronic manufacturing equipment, has

developed the following table concerning a proposed facility:

PROFIT $($$$)$

STRONG

MARKET

FAIR

MARKET

POOR

MARKET

Large facility $430,000105,000-160,000$

Medium$-$sized facility $300,000129,000-100,000$

Small facility $200,000100,000-32,000$

Probabilities $0\mathrm{.}250\mathrm{.}40\mathrm{.}35$

a$.$ What is the aggressive $($optimistic$)$ strategy decision?

b$.$ What is the conservative $($pessimistic$)$ strategy decision?

c$.$ What is the opportunity loss strategy decision?

d$.$ What is the expected value strategy decision?

e$.$ What is the expected value of perfect information $($EVPI$)$