please follow guidlines for thumbs up
For each question, especially for the decision trees, make sure that you are following the 4 steps and draw the decision tree to get ANY credit. If the tree is missing, no credit will be given for that question! Even to get effort points, you have to show the tree in detail! ALSO all the calculations on the tree, including the probabilities have to be shown and explained! Otherwise, zero credit will be given for that question! 1. You are a fundraiser for SJSU. To raise funds, you can run either a telephone campaign or an email campaign. If you run a telephone campaign, there's a 40% chance that you will raise $100,000 and a 60% chance that you'll raise $150,000. An email campaign will raise $90,000 with probability 30% and $140,000 with probability 70%. a) Use a decision tree to determine the best type of campaign to run. Make sure to include the tree, calculations and explanation. b) Draw a risk profile for the optimal decision. c) Right now there is a 70% chance that an email campaign will raise $140,000. How much higher or lower would this probability need to be in order for you to switch the type of campaign that you would run? d) Right now the most that a telephone campaign would raise is $150,000. How much higher or lower would this amount have to be in order for you to switch the type of campaign that you would run? For each question, especially for the decision trees, make sure that you are following the 4 steps and draw the decision tree to get ANY credit. If the tree is missing, no credit will be given for that question! Even to get effort points, you have to show the tree in detail! ALSO all the calculations on the tree, including the probabilities have to be shown and explained! Otherwise, zero credit will be given for that question! 1. You are a fundraiser for SJSU. To raise funds, you can run either a telephone campaign or an email campaign. If you run a telephone campaign, there's a 40% chance that you will raise $100,000 and a 60% chance that you'll raise $150,000. An email campaign will raise $90,000 with probability 30% and $140,000 with probability 70%. a) Use a decision tree to determine the best type of campaign to run. Make sure to include the tree, calculations and explanation. b) Draw a risk profile for the optimal decision. c) Right now there is a 70% chance that an email campaign will raise $140,000. How much higher or lower would this probability need to be in order for you to switch the type of campaign that you would run? d) Right now the most that a telephone campaign would raise is $150,000. How much higher or lower would this amount have to be in order for you to switch the type of campaign that you would run