Example: Colonial Motors
{"Image DocumentName": "Example: Colonial Motors", "Image ImageDescription": "Colonial Motors (CM) needs to determine whether to build a large or small plant for a new car it is developing. The cost of constructing a large plant is  25 million and the cost of constructing a small plant is  15 million. CM believes a 70% chance exists that demand for the new car will be high and a 30% chance that it will be low. The payoffs (in millions of dollars) are summarized below. Demand. Factory Size High Low. Large  175  95. Small  125  105. See decision tree in file Fig15-32.xls. Spreadsheet Modeling and Decision Analysis, 3e, by Cliff Ragsdale. \u00a9 2001 South-Western/Thomson Learning.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}