Kelly weeks, president of weeks manufacturing, Inc., is considering whether to build more manufacturing plants in Wisconsin. Her decision is summarized in the following table:
| Alternatives | Favorable Market | Unfavorable Market |
| Build a large plant | 425,000 | -275,000 |
| Build a small plant | 75,000 | -15,000 |
| Don’t build | 0 | 0 |
| Probabilities | 0.4 | 0.6 |
a. Construct an opportunity loss table.
b. determine EOL and the best strategy.
c. What is the expected value of perfect information.
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