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Calculate the payoffs of each branch of the decision tree given below. Payoff 1 = Payoff 2 = Payoff 3 = Payoff 4 = 19%

  1. Calculate the payoffs of each branch of the decision tree given below.

Payoff 1 =

Payoff 2 =

Payoff 3 =

Payoff 4 =

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19% High Revenue 27 Payoff 1 Chance 4.26 Medium Revenue Low Revenue Payoff 2 Payoff 3 Decision 4.26 0 Payoff 4

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