Example: Seven Tree Ltd The following information relate to Seven Tree Ltd, a company which is considering whether to develop and market a product. probability Development Being successful 0.75 Being unsuccessful 0.25 Estimated development costs would be $180,000 if successful, the product will be marketed with the following probabilities: Probabilities Profit/(loss) Being successful 0.4 $540,000 Being moderately successful 0.3 $100,000 Being failure 0.3 ($400,000) The above profit/loss figures include the effect of the development costs Required: Draw decision tree to illustrate the above problem and recommend the best course of action