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Questions 8-10 are in reference to the following decision tree corresponding to a decision situation taced by an entrepreneur's new product. For the given decision
Questions 8-10 are in reference to the following decision tree corresponding to a decision situation taced by an entrepreneur's new product. For the given decision tree, with the probabilities at chance nodes and the payoffs (in $1,000's) at terminal points as shown, complete the analysis of the decision tree to answer the questions below Success 110 0.65 Partnership Failure 0.35 Produce Medium -75 Develop Alone Sell Rights Failure 9. In solving the tree, the expected value in $1000's) associated with the node numbered in the decision tree is: a. 125 b. 145 c. 175 d. 185
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