Question: What would expected payoff be based on the best decision chosen above and decision tree? The owner of Pearl Automotive Dealers is trying to decide


What would expected payoff be based on the best decision chosen above and decision tree?
The owner of Pearl Automotive Dealers is trying to decide whether to expand his current facility. If he expands and customer demand turns weak, there is a chance he could lease part of his newly constructed facility to another dealer. If he doesn't expand and strong demand occurs, he could attempt to lease another facility across town. What is the best set of decisions and the expected payoff? Click the icon to view the decision tree. The best decision is to ' " and if Product Demand" occurs, choose " The expected payoff will be $ (Enter your response as a whole number.) More InfoStep by Step Solution
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