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Samantha Patel, employed as an analyst in a renowned technology firm, is contemplating investing her savings in the stock market. Recommendations from her friends, who

Samantha Patel, employed as an analyst in a renowned technology firm, is contemplating investing her savings in the stock market. Recommendations from her friends, who possess expertise in stock market investments, led her to consider investing in 'TechGen' and 'InnovateCorp' shares. An economist friend, Rahul Kapoor, has outlined four different scenarios regarding potential returns on Samantha's investments. The payoff figures for one unit of share in INR for each scenario are as follows:
\table[[\table[[Payoff (Profit within one month],[on one unit of share in INR)]],\table[[Scenario 1],[(s1)]],\table[[Scenario 2],[(s2)]],\table[[Scenario 3],[(s3)]],\table[[Scenario 4],[(s4)]]],[TechGen,48,35,22,15],[InnovateCorp,32,40,45,53]]
i. Set up the opportunity loss table based on the provided payoff figures.
ii. Create a decision tree illustrating the decision-making process for Samantha's investment. You may use any software for making the tree diagram, but a handwritten snapshot will be unacceptable.
In making of this tree show the payoff values given above only.
iii. According to Rahul Kapoor's latest research, he has assigned the following probabilities to the four scenarios (states of nature):
P(S1)=0.3
P(S2)=0.4
P(S3)=0.2
P(S4)=0.1
Determine the Expected Monetary Value (EMV) decision based on the probabilities assigned by Rahul.
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