Good experience in retail
Before making a final decision, XX talked to his close friend Daniel with good experience in retail. Daniel told XXX that if the stores get opened close to school, the overall 20% higher than XXX expected estimates 650M favorable, unfavorable 300M. If the self-owned store is opened other places, the profit stays the same. There is 30% probability of finding the place nearby
Daniel thinks that if XXX goes with the franchise, the store would be 20% higher than favorable (600M) unfavorable (400M) if the franchise is opened in other locations, the profit would be the same. Daniel thinks opening the store close by has 30% chance. if the store is opened anywhere there have been a bakery before, the profit goes up by 40%. This has 15%. If the franchise opens anywhere else, the profit remains the same. This has 55% chance.
Draw the decision tree and calculations

