(Answered) Demand 2000 probability 2machine a 5000machine b

Management Studies

Demand = 2,000 Probability =.2

Machine A $5,000

Machine B -$60,000

Machine C -$5,000

Demand = 4,000 Probability =.3

Machine A $50,000

Machine B $40,000

Machine C $30,000

Demand = 8,000 Probability =.5

Machine A $30,000

Machine B $80,000

Machine C $60,000

Based on the information in the table above, which machine will you choose? The information given is the profit for each option at a particular demand scenario. The probability of demand is given as well.

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