Consider the following Decision alternative for the Raman Pahwa, he wants to invest instocks,andthoughtabouttwosituationsabouttomorrow'smarketcondition.Thefigures(in INR) in the followingtableexhibit profit perunit of stock-investment. payofftable:

	Favorablemarket	Unfavorablemarket
Lakshmipvtltd	55	26
MehtaGroups ofindustries	43	38
Surya	29	43
LT energy	15	51

1. Drawthedecisiontree
2. If we assign the following probabilities to the states of nature, then determine theEMVdecision.

P(s1)=.4 P(s2)=.1 P(s3) =.3 P(s4)=.2