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fYour task: You have been given a structure for the decision tree If you choose to bid, you have three different levels for your bid

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\fYour task: You have been given a structure for the decision tree If you choose to bid, you have three different levels for your bid For each level of bid calculate the probabilities of winning the contract and probabilities of losing the contract, plus your payoff for each of those scenarios and ll it out on the tree Remember, for each level there is a 30% chance that you will not have any competition Bid or Not? No bid Bid How much to bid? I. Bid $120k @---

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