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2.5. On a decision tree, at each state-of-nature node: (i) the alternative with the greatest EMV is selected (ii) an EMV is calculated (iii) all

2.5. On a decision tree, at each state-of-nature node:

(i) the alternative with the greatest EMV is selected

(ii) an EMV is calculated

(iii) all probabilities are added together

(iv) the branch with the highest probability is selected

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