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A company is trying to decide between purchasing Software A or Software B to augment its information security. Please refer to the data given in
A company is trying to decide between purchasing Software A or Software B to augment its information security. Please refer to the data given in the table below, to draw a decision tree using "word" or "excel". Write a short recommendation about which Software should the company buy, based on Expected Monetary Value (EMV) evaluation criteria.
Software A Software B One -Time License Fees $50,000 $40,000 Probability of Success 70% 75% Impact of Success $50,000 $75,000 Probability of Failure 30% 25% Impact of Failure (loss) $80,000 $50,000Step by Step Solution
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