Question: x Next Create a decision tree based on the following information: A business owner is considering upgrading software to better manage customer relationships. The current

x Next Create a decision tree based on the following information: A business owner is considering upgrading software to better manage customer relationships. The current software does not have good customer interfaces and reports. The business owner could keep this software at no additional cost and revenues are expected to be 5950,000 if the economy is good and $750.000 if the economy declines. Two software packages are available. The basic pace would give the company better customer management and increase rever to $1.5 million if the economy is good and $1.1 million if the economy declines. The premium package provides greatostomer management and customer interfaces. The revenues for the premium software are expected to be $1.9 million if the economy is good and $14 million if the economy declines. The cost of the basic software is $300,000. The cost of the premium software is $650.000. The economy has a 65% chance of decline Write your answers in the box below What is the expected value of not purchasing new software! What is the expected value of purchasing basic software What is the expected value of purchasing premium software! What decision should the business owner make Decision Tree Expected Value - (Dollar Value of Branch Probability of Branch (DollarValor of Branch Probability of Branch ho BIVANI EX*XEE Paragrah 2 Next 1 point 1 Acompany makes mountain bicycles. The company has 4 assembly lines for the mountain bikes. The assembly lines for the mountain bikes can produce 250.000 each with 4 workers per line. Demand for the bikes in yean 1is 900.000 and year 2 is 1.050.000. Use the table below as a guide for solving this problem Mountain Bikes Year 1 Year 2 Demand Capacity Used Machines Required Workers Required What is the capacity used for mountain bikes in year 17 What is the capacity used for mountain bikes in year 22 Does the company have enough capacity for mountain bikes over the next 2 years? How many workers will be needed in year 1 (Round to 1 decimal) Capacity Utilization Capacity % -Demand/(Machine Capability Number of Machines) Machines Required - Capacity Number of Machines Workers Required - Machines Required Workers per Machine Paragraph BIVANI EX XXEE 131

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