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Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. Payoff 1 Payoff 2

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Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. Payoff 1 Payoff 2 Payoff 3 0.30 Payoff 4 0.50 Payoffs Alternative A 0.20 Payoff 6 1/3 1/3 1/3 PayOff 7 PayOff 8 Payoff 9 Alternative B 0.30 Payoff 10 0.50 Payoff 11 0.20 Payoff 12 Payoff 13 * 112_ 112 PayOff 14 Payoff| 1234567891011121314 a) The value at node 4 is (in 1 b) The value at node 8 is decimal place) c) The best course of action or decision is to select alternative Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. Payoff 1 Payoff 2 Payoff 3 0.30 Payoff 4 0.50 Payoffs Alternative A 0.20 Payoff 6 1/3 1/3 1/3 PayOff 7 PayOff 8 Payoff 9 Alternative B 0.30 Payoff 10 0.50 Payoff 11 0.20 Payoff 12 Payoff 13 * 112_ 112 PayOff 14 Payoff| 1234567891011121314 a) The value at node 4 is (in 1 b) The value at node 8 is decimal place) c) The best course of action or decision is to select alternative

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