dmsmith8525 dmsmith8525

08-03-2024
Business

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Based on available information, a student develops a tree. What is the optimum decision and expected value for that decision? Show work. Payoff ($ millions).
a) Large Market 5.0 Produce & (.5)
b) Low Market 2.5 Do Not Produce & (.5)
c) Large Market 2.0 Produce & (.5)
d) Low Market 5.5 Do Not Produce & (.5)

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