Use the data in Solved Problem 5.1 to examine what happens to the decision if Sarah King
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Use the data in Solved Problem 5.1 to examine what happens to the decision if Sarah King can increase yields from 59,000 to 64,000 by applying an expensive phosphorus to the screen at an added cost of $250,000. Prepare the modified decision tree. What are the payoffs, and which branch has the greatest EMV?
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