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For the following compound lottery, draw the tree diagram and find the unique simple lottery associated with it. Show your steps. Lottery on Z =

For the following compound lottery, draw the tree diagram and find the unique simple lottery associated with it. Show your steps. Lottery on Z = {z1, z2}: In the first stage, a dice is rolled, if the face value is less than or equal to 2, lottery p is chosen. Otherwise, lottery q is chosen, where p =(0.75, 0.25) and q= (0.4, 0.6).

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