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Alice is considering buying a car and has narrowed her decision down to two cars: purchase an Electric Vehicle (EV) or a Gas-Powered Vehicle (GPV).

Alice is considering buying a car and has narrowed her decision down to two cars: purchase an Electric Vehicle (EV) or a Gas-Powered Vehicle (GPV). 


Through online research, she has gathered the following data: Gas Powered Vehicle (GPV) Electric Vehicle (EV) Purchase Price $25,000 $45,000 Resale Value - High $11,000 $18,000 Resale Value - Low $7000 $11,000 Annual Maintenance Cost $800/year $300/year Average Charging/Fueling Cost $5/gal $.15/kWh Consumption 30mi/gal 4mi/kWh Alice plans to drive 15,000 miles per year and keep her car for 5 years, regardless of which car she purchases. 


For the GPV Resale Value, Alice determines there is a 25% chance she will get the higher price. For the EV Resale Value, there is a 40% chance she will get the higher price. 


Solve the Decision Tree. What should Alice do? Explain

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