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Iris Is Building A Model Of The Washington Monument Her Model Measures 15 In Tal

Iris is building a model of the Washington Monument. Her model measures 15 in. tall and is 1.5 in. wide at the base. The actual width measurement at the base of the Washington Monument is about 55 ft. About how tall is the Washington Monument?
 
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  3. Please discuss and solve problem 8 on page 125 of the textbook. 8. Expando, Inc., is considering the possibility of building an additional factory that would product a new addition to its product line. The company is currently considering two options. The first is a small facility that it could build at a cost of $6 million. If demand for new products is low, the company expects to receive $10 million in discount revenues (present value of future revenues) with the small facility. On the other hand, if demand is high it expects $12 million in discounted revenues using the small facility. The second option is to build a large factory at a cost of $9 million. Were demand to be low, the company would expect $10 million in discounted revenues with the large plant. If demand is high, the company estimates that the discounted revenues would be $14 million. In either case, the probability of demand being high is .40, and the probability of it being low is .60. Not constructing a new factory would result in no additional revenue being generated because the current factories cannot product these new products. Construct a decision tree to help Expando make the best decision.
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