A company is considering whether to market a new product. Assume, for simplicity, that if this product is marketed, there are only two possible outcomes: success or failure. The company assesses that the probabilities of these two outcomes are 0.4 and 0.6, respectively. If the product is marketed and it proves to be a failure, the company will lose $450,000. If the product is marketed and it proves to be a success, the company will gain $750000. The company is also considering whether to survey prospective buyers of this new product. The results of the consumer survey can be classified as favorable, neutral, and unfavorable. In similar cases where proposed products proved to be market successes, the likelihoods that the survey results were favorable, neutral, and unfavorable were 0.6, 0.3, and 01, respectively. In similar cases where proposed products proved to be market failures, the likelihoods that the survey results were favorable, neutral, and unfavorable were 01, 0.2, and 0.7, respectively. The total cost of administering this survey is C dollars Finish the decision tree for this problem and answer the following questions Do not market Success two outcones 04 Do net macet Jain 750,coD O0, 0.3, 0.1 LO'ZO 10 MADONO Failure hans Proctecti Manut Manet ungey Jo ssaons jenuaod au inoge uoe l iapad Joj Ked o1 6uin ag pinom Aueduo s en unowe isabiej aun s1 eum (q of this new product? 510.000 ooo0Eanuns Jaunsuoo au onpuo o1 asooup ueduwoo siu pinoM 'Kue o sanjen og ( q o dsoud Aauns(s)uoiSpap jeundo au si 1eu (e A company is considering whether to market a new product. Assume, for simplicity, that if this product is marketed, there are only two possible outcomes: success or failure. The company assesses that the probabilities of these two outcomes are 0.4 and 0.6, respectively. If the product is marketed and it proves to be a failure, the company will lose $450,000. If the product is marketed and it proves to be a success, the company will gain $750000. The company is also considering whether to survey prospective buyers of this new product. The results of the consumer survey can be classified as favorable, neutral, and unfavorable. In similar cases where proposed products proved to be market successes, the likelihoods that the survey results were favorable, neutral, and unfavorable were 0.6, 0.3, and 01, respectively. In similar cases where proposed products proved to be market failures, the likelihoods that the survey results were favorable, neutral, and unfavorable were 01, 0.2, and 0.7, respectively. The total cost of administering this survey is C dollars Finish the decision tree for this problem and answer the following questions Do not market Success two outcones 04 Do net macet Jain 750,coD O0, 0.3, 0.1 LO'ZO 10 MADONO Failure hans Proctecti Manut Manet ungey Jo ssaons jenuaod au inoge uoe l iapad Joj Ked o1 6uin ag pinom Aueduo s en unowe isabiej aun s1 eum (q of this new product? 510.000 ooo0Eanuns Jaunsuoo au onpuo o1 asooup ueduwoo siu pinoM 'Kue o sanjen og ( q o dsoud Aauns(s)uoiSpap jeundo au si 1eu (e
