Question: Using information from past projects and information from others on your team, you've determined the following. If your team produces design A, you expect it
Using information from past projects and information from others on your team, you've determined the following. If your team produces design A, you expect it to result in net profits of $1M if it's successful, but lose $0.5M if it isn't. And there's a 45% chance it will be successful. If you choose design B, you expect to have net profits of $0.25M if successful, and come out even (lose $0) if it isn't. And there's a 75% chance of success with design B. With design C, expected net profits are $3M if successful, and if not: a loss of $1M. There's a 25% chance of success on design C. Perform the following decision analyses
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