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Part a: without software (15 points) i) solve the decision tree ii) Draw Strategy Decision Tree (i.e. tree where you chose strategies as decisions). For
Part a: without software (15 points) i) solve the decision tree ii) Draw Strategy Decision Tree (i.e. tree where you chose strategies as decisions). For each strategy compute the EMV and the Standard Deviation, and iii) draw Cumulative Risk Profiles on one graph. (You need to interpret the findings. You need to show computational details to get credit) 45.0% Branch #1 5 Chance A1 0 55.0% Branch #2 6 30.0% Decision Branch #1 0 60.0% Branch #1 4 Chance LA2 0 40.0% Branch #2 Chance 10 70.0% Branch #2 7 Decision New Tree (2) 20.0% Branch #1 45.0% Chance Branch #1 80.0% Branch #2 Chance B- 55.0% Branch #2 6 Part a: without software (15 points) i) solve the decision tree ii) Draw Strategy Decision Tree (i.e. tree where you chose strategies as decisions). For each strategy compute the EMV and the Standard Deviation, and iii) draw Cumulative Risk Profiles on one graph. (You need to interpret the findings. You need to show computational details to get credit) 45.0% Branch #1 5 Chance A1 0 55.0% Branch #2 6 30.0% Decision Branch #1 0 60.0% Branch #1 4 Chance LA2 0 40.0% Branch #2 Chance 10 70.0% Branch #2 7 Decision New Tree (2) 20.0% Branch #1 45.0% Chance Branch #1 80.0% Branch #2 Chance B- 55.0% Branch #2 6
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