Question a) A healthcare company has asked you to help with a business decision. They have access to several medications to treat a rare disease. They can provide the status quo treatment that has a potential profit of $1500 if they live but a cost of $1000 if the patient dies. They also have access to two new medications that each have an associated probability of living, profit and cost. Please construct and present the decision tree for the 3 treatment options and find the best business decision. (4 marks) Table 1. A summary of the probability of survival, profits, and costs for the company. Status Quo Medication #1 Medication #2 0.8 Probability of Living Profit if patient lives Cost if patient dies 0.6 $1,500 $-1,000 0.9 $5,000 $-20,000 $4,000 $-10,000 b) As part of the analysis, the company has an option to enhance Medication #2 by adding another chemical that will improve survival to 0.9 and will increase the cost to $4500. Does the enhancement of Medication #2 change the business decision? (1 marks)