Question: Your manager found a fourth retailer. The fourth retailer would result in the following profits ( in $ 1 0 0 0 s ) under

Your manager found a fourth retailer. The fourth retailer would result in the following profits (in $1000s) under low, medium, high, and very high demand: 23,31,35,43.
a) Factoring in the fourth retailer in your analysis, which decision should be made according to the EMV decision rule? 5 points
b) How much profit would your company make with perfect information? 5 points
c) A consulting company wants to help your company have perfect information, but they will charge $2,500 for their services. Should you hire this company? Why? excel

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