### Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

# An enginner has to decide whether to construct an automated or conventional plant. If the automated plant is build

there is a high or a low demand with probabilities 0.60 and 0.40 respectively. If a conventional plant is build there is a high or a low probabilities 0.70 and o.30 respectively. If an automated plant is build and the demand is high there is a probability of an expansion 0.55 but if the demand was low there is a probability of an expansion of only 0.10. If an conventional plant is build and the demand is high there is a probability of an expansion of 0.80 but if demand is low there is a probability of expansion of 0.15. Construct a decision tree and choose the best alternative . a. Conventional plant with an expected profit \$577,000 b. Automated plant with an expected profit \$874,250 c. Conventional plant with an expected profit \$874,250 d. Automated plant with an expected profit \$577,000