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Use the Following Data to Answer Questions 88-100 -Refer to the Data on Expected Demand for Weston Gadgets,Inc

Question 92

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Use the following data to answer questions 88-100.  Expected Demand for Weston Gadgets, Inc.  Decision Alternative  Low 35%  Medium 30%  High 35%  Outsource $16.00 million $28.00 million $66.00 million  Build capacity $4.00 million $32.00 million $26.00 million  Do nothing $9.00 million $18.00 million $66.00 million \begin{array}{l} \quad \quad \quad \quad \quad \quad \quad \quad \text { Expected Demand for Weston Gadgets, Inc. }\\\begin{array} { | l | l | l | l | } \hline \text { Decision Alternative } & \text { Low 35\% } & \text { Medium 30\% } & \text { High 35\% } \\\hline \text { Outsource } & \$ 16.00 \text { million } & \$ 28.00 \text { million } & \$ 66.00 \text { million } \\\hline \text { Build capacity } & \$ 4.00 \text { million } & \$ 32.00 \text { million } & \$ 26.00 \text { million } \\\hline \text { Do nothing } & \$ 9.00 \text { million } & \$ 18.00 \text { million } & \$ 66.00 \text { million } \\\hline\end{array}\end{array}
-Refer to the data on Expected Demand for Weston Gadgets,Inc.For the various demand scenarios and their associated probabilities,what is the maximum expected value?


A) $37.10 million
B) $26.71 million
C) $32.55 million
D) $17.85 million

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