What should they do, according to the expected total payoff

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In the clinic renovation example what if management thinks that the likelihood of current demand remaining is 30%, the likelihood of a moderate increase is 25%, and the likelihood of a large increase is 45%? What should they do, according to the expected total payoff?

Reference no: EM131183944

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What should they do, according to the expected total payoff : In the clinic renovation example what if management thinks that the likelihood of current demand remaining is 30%, the likelihood of a moderate increase is 25%, and the likelihood of a large increase is 45%? What should they do, according to the e..
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