You have the option of investing in product a or product b, Operation Management

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You have the option of investing in product a or product b

You have the option of investing in product A or product B or choosing to not invest. You estimate there is a 40% chance you will have an unfavorable market and 60% chance it will be favorable. If the market is unfavorable, you will have losses of $4,000 with product A and $6,000 with product B. If the market is favorable, you will have profits of $6,000 with product A and $8,000 with the product B. What is your best decision and expected profit?

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Operation Management: You have the option of investing in product a or product b

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Operation Management: You have the option of investing in product a or product b

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