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LA#9-8A Consider the following data for the Payoffs of Project X. Suppose the probability of the Bad and Good statuses are 0.2 and 0.5, respectively.

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LA#9-8A Consider the following data for the Payoffs of Project "X". Suppose the probability of the Bad and Good statuses are 0.2 and 0.5, respectively. Hence, a) Draw the decision tree for Project "X" and b) find the better alternative Decision Status Medium Good Alternative 1 11 Alternative 2 7 Alternative 3 -3 11 Alternative 4 2 6 Bad 6 8 9 3 9 12

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