1. You have been invited to play the Fortune Wheel game on television. The wheel operates electronically with two buttons that produce hard (ll) or soft (5) spin of the wheel. The wheel itself is divided into white (W) and red (R) half-circle regions. You have been told that the wheel is designed to stop with a probability of .3 in the white region and .7 in the red region. The payoff you get for the game is W R H

s

$800

-$2500

$200

$1000 Draw the associated decision tree, and specify a course of action.